State Whether the Following Are True or False in Relation

question 8

Short Answer

State whether the following are true or false in relation to the auditor and fraud
a. It is the auditor's responsibility to follow up possible indicators of fraud uncovered during the course of their audit testing work even if they are not material
b. External auditors must approach their audit testing with an attitude of professional scepticism
c. Management can rely on auditors to detect fraud as this is one of the auditor's duties under ISA 240 'The auditor's responsibilities relating to fraud in an audit of financial statements'
d. Auditor's must consider the effect any fraud which has been uncovered might have on their audit opinion

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Definitions:

Direct Lobbying

Efforts aimed at influencing legislation through direct interaction with legislators or government officials, typically by presenting arguments or data in support of a specific position.

BBC

The British Broadcasting Corporation, a public service broadcaster in the United Kingdom known for providing comprehensive news, entertainment, and educational programming.

Early 1700s

The period in the 18th century, often referred to as the early part of the century, spanning from 1700 to around 1750, marked by significant historical, cultural, and scientific developments.

Early 1800s

Refers to the period from the start of the 19th century to approximately 1830, characterized by various significant historical, technological, and cultural developments.