An Auditor Who Agrees to Examine a Client's Records for Fraud

question 57

True/False

An auditor who agrees to examine a client's records for fraud and then fails to detect it is not liable because a normal audit is not intended to uncover fraud.

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Definitions:

Sensate Focus

A set of specific sexual exercises for couples or individuals designed to build intimacy and understanding by focusing on touch and sensation.

Sexual Dysfunction

Impairments in sexual functioning that cause subjective distress.

Safer Sex

The set of practices designed to reduce the risk of transmitting or acquiring sexually transmitted infections and unwanted pregnancies.

Anal Intercourse

A form of sexual activity that involves the insertion of the penis into the anus of a sexual partner.