The auditor's responsibility for fraud detection is to:
A) plan the audit so sufficient appropriate evidence is gathered to determine whether the auditor has reasonable assurance that the financial statements are free of material misstatement from fraud or error
B) plan the audit so sufficient appropriate evidence is gathered to determine whether the financial statements are free of misstatement
C) plan the audit so sufficient appropriate evidence is gathered to determine whether the financial statements are free of material misstatement from fraud or error
D) plan the audit so sufficient evidence is gathered to determine whether the financial statements are free of misstatement
Correct Answer:
Verified
Q53: Significant findings are to be documented by
Q54: In documenting the nature,timing,and extent of audit
Q55: Audit documentation
A)is the property of the client
B)is
Q56: What are the types of fraud that
Q57: In documenting the nature,timing,and extent of audit
Q59: The primary responsibility for fraud prevention and
Q60: Significant findings are to be documented by
Q61: The condition,opportunity to commit fraud,is present when
A)An
Q62: When misappropriation of assets occurs,
A)management failed to
Q63: Management can override controls by
A)suggesting fictitious journal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents