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Auditors must consider whether there are any fraud risk factors present when they are obtaining an understanding of the entity and its environment.Which of the following is not considered a fraud factor?
Banking Day
A business day during which financial institutions are open for business with the public, typically excluding weekends and public holidays.
Calendar Days
The consecutive days on a calendar, including all weekdays and weekend days.
Without Recourse
A term indicating that the seller of an asset is not liable to the buyer for any defects or non-performance.
Indorses
A party who transfers their rights in a negotiable instrument to another party by signing the back of the instrument.
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