What Is the Best Way an Auditor Can Detect Fraud

question 92

Multiple Choice

What is the best way an auditor can detect fraud in the financial statements?

• A) Use professional skepticism.
• B) Understand Generally Accepted Accounting Standards.
• C) Brainstorm with the client to find the types of fraud occurring.
• D) Actively search for errors in the financial statements.

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Definitions:

Naming Speed

The rate at which an individual can name aloud objects, colors, letters, or digits, a measure often used in reading and cognitive development assessments.

Dyslexia

A disorder impacting learning, specifically marked by challenges in reading stemming from issues in recognizing phonetic sounds and understanding their connection to letters and words.

Possible Causes

Factors or conditions that can bring about a particular phenomenon or outcome.

Motor Development

The gradual progression of muscle control, movement skills, and physical coordination in infants and children.