Which Two of the Following Characterize the Work of Fraud

question 15

Multiple Choice

Which two of the following characterize the work of fraud examiners? I.Analysis of control weaknesses for determination of acceptable fraud risk.
II) Analysis of control strengths as a basis for planning other audit procedures.
III) Determination of a materiality amount that represents a significant misstatement of the financial statements.
IV) Thinking of a materiality amount in cumulative terms-that is,becoming large over a number of years.

• A) I & II.
• B) II & IV.
• C) I & III.
• D) I & IV.

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Definitions:

States

Within a context of psychology, states refer to temporary conditions of an individual, such as emotions or consciousness. In geography, states refer to territories with a centralized government.

Single By Choice

The state of choosing to remain unmarried and/or without a romantic partner out of personal preference rather than external circumstances.

Describe Themselves

This refers to the process by which individuals articulate or express their own attributes, characteristics, and feelings verbally or through other means of communication.

Attributes

Characteristics or qualities that describe an object, person, or phenomenon.