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.

---

Definitions:

Melanoma

A type of skin cancer that originates in the melanocytes, the cells which produce the pigment melanin that colors the skin, hair, and eyes.

Basal Cell Carcinoma

A type of skin cancer that begins in the basal cells—cells within the skin that produce new skin cells as old ones die off.

Squamous Cell Carcinoma

A type of skin cancer originating in the squamous cells, which are the thin, flat cells that make up the outer layer of the skin. It can also occur in other organs lined with squamous cells.

Verruca

Another term for a wart, particularly one found on the sole of the foot.