With Respect to Fraud and Error, Which of the Following

question 14

Multiple Choice

With respect to fraud and error, which of the following should be part of an auditor's planning of the audit engagement?

• A) Plan to search for fraud or errors that would have a material or immaterial effect on the financial report.
• B) Plan to search for fraud or errors that would have a material effect on the financial report.
• C) Plan to discover fraud or errors that are material.
• D) Plan to discover fraud or errors that are either material or immaterial.

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Definitions:

Cross-lagged

A statistical technique used to analyze the directional relationships between variables at different points in time.

Cohort

A group of individuals with a shared characteristic, usually studied over a period of time to observe changes and effects within the group.

Respondents

Individuals who provide data or answers to a survey, questionnaire, or study.

Surveys

Research methods involving the collection of data from a predefined group of respondents to gather information and insights on various topics.