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:

Postsociality

Describes a societal condition or theoretical perspective that transcends traditional notions of social relationships and structures.

Affect

A term in psychology that refers to the underlying experience of feeling, emotion, or mood.

Posthumanism

A philosophical perspective that seeks to transcend traditional notions of what it means to be human, often focusing on technology's role in altering human life and the boundaries between humans, machines, and nature.

Postsociality

Concepts or conditions emerging in social theory and discourse that envision social life and interactions beyond traditional or current societal structures.