The Auditor Is Most Likely to Presume That a High

question 9

Multiple Choice

The auditor is most likely to presume that a high risk of a fraud exists if:

• A)the client is a multinational company that does business in numerous foreign countries.
• B)the client does business with several related parties.
• C)inadequate segregation of duties places an employee in a position to perpetrate and conceal thefts.
• D)inadequate employee training results in lengthy IT exception reports each month.

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Definitions:

Will

The mental faculty by which an individual decides upon and initiates action, or in legal contexts, a document specifying the distribution of someone's estate after their death.

Annihilate

To destroy completely, leaving nothing remaining.

Anthropologists

Scientists who study human societies, cultures, and their development, often involving field research and comparative analysis.