The Major Emphasis in GAAS Related to Consideration of Fraud

question 49

Multiple Choice

The major emphasis in GAAS related to consideration of fraud in a financial statement audit (AU 240) is on

• A)employee misappropriation of assets.
• B)management fraud.
• C)client fraud on customers.
• D)employee embezzlement.

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Definitions:

B. F. Skinner

A renowned psychologist known for his work in behaviorism and development of the theory of operant conditioning.

Token Economy

A behavior modification system that uses tokens as reinforcement for desired behaviors, which can be exchanged for desired rewards.

Behavioral Activation System

A neurological system involved in regulating approach behavior in response to rewards.

Conditioned Stimulus

In classical conditioning, a previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually comes to trigger a conditioned response.