Auditors' Responsibility Relating to Fraud Risk Is

question 18

Multiple Choice

Auditors' responsibility relating to fraud risk is

• A)detecting any type of fraud that occurred during the reporting period.
• B)detecting fraud only if it is above the planning materiality level.
• C)not an issue because the auditor is not responsible for detecting fraud.
• D)making inquiries of management about fraud and considering fraud risks.

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Definitions:

Dependent Variable

The outcome variable in an experiment or study that is expected to change in response to manipulations of the independent variable.

Scatterplot

A graphical representation in which two variables are plotted along two axes, helping to show the relationship between them.

Positive

Characterized by or displaying affirmation, agreement, or constructive qualities or results.

Relationship

How two or more ideas, objects, or persons are related, or the status of being in relation.