To Address Heightened Risks of Fraud, the Auditor Can Do

question 93

Multiple Choice

To address heightened risks of fraud, the auditor can do all of the following except:

• A)use specialists to assist in evaluating the accuracy and reasonableness of management's key estimates.
• B)decrease the amount of substantive tests.
• C)use CL or IDEA to search for fictitious revenue transactions.
• D)use EXCEL to perform analytical procedures at the disaggregated level.

---

Definitions:

Gap Junctions

Specialized cell-cell connections that enable direct communication by allowing the transfer of ions and small molecules between neighboring cells.

ATP

ATP, a molecule responsible for transporting energy throughout cells for metabolic processes.

Phospholipids

A class of lipids that are a major component of all cell membranes as they can form lipid bilayers due to their amphiphilic characteristic.

Phagocytosis

The cellular process of engulfing solid particles by the cell membrane to form an internal compartment known as a phagosome.