Which of the Following Statements BEST Describes the Auditor's Responsibility

question 84

Multiple Choice

Which of the following statements BEST describes the auditor's responsibility regarding the detection of fraud?

• A) The auditor has greater responsibility for detecting material errors than fraud and direct- effect illegal acts.
• B) The auditor has equal responsibility for detecting errors, fraud and direct- effect illegal acts.
• C) The auditor has greater responsibility for detecting material errors than fraud.
• D) The auditor has equal responsibility for detecting errors, fraud and indirect- effect illegal acts.

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Definitions:

Additive

A substance added to another substance to alter or improve its qualities, such as food additives to enhance flavor or preserve freshness.

Dichromatic

Having two colors; in vision science, it refers to a form of color blindness in which a person can distinguish only two of the three basic color channels.

Subtractive Color Mixing

A process by which colors are created by absorbing or filtering out parts of the light spectrum, as seen in mixing pigments in paints.

Blending

The cognitive process of combining two or more distinct entities or ideas into a new, unified concept.