According to Professional Audit Standards, How Might an Understanding of the Nature

question 41

Multiple Choice

According to professional audit standards, how might an understanding of the nature of fraud that may occur in the client organization be identified by an audit firm?

• A) Fraud training courses from actual corporate fraud ex-criminals.
• B) Conducting a brainstorming session with the members of the audit team.
• C) Circulating a survey to the client company employees for completion.
• D) Discussions with other audit firms.

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Definitions:

Calendar

A system of organizing days for social, religious, commercial, or administrative purposes, often presented as a table or grid.

Peek Feature

The Peek feature in some operating systems and applications allows users to preview content or applications without fully opening them.

Schedule

A plan for carrying out activities or events at specified times.

Cancel Meeting

The process of notifying attendees that a scheduled meeting or event will not take place.