Which of the Following Is a Difference Between Performing an Audit

question 47

Multiple Choice

Which of the following is a difference between performing an audit and performing a fraud examination?

• A)Auditors are not concerned with the nature of a financial misstatement; fraud examiners are concerned with the nature of the misstatement.
• B)Auditors use analytical procedures,such as trend analysis,to identify risks of misstatements; fraud examiners are not interested in analytical procedures because they must identify specific items that prove the occurrence of fraud.
• C)Auditors are generally not concerned with small immaterial misstatements; fraud examiners generally do not believe that any fraud is immaterial.
• D)Auditors are concerned only with financial statement errors; fraud examiners are concerned only with the theft of assets by employees.

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Definitions:

Fertilization

The fusion of male and female gametes to form a zygote.

Uterine Tubes

Tubes that extend from the uterus to the ovaries, responsible for transporting the ovum or egg.

Ovary

The female reproductive organ that produces eggs and hormones like estrogen and progesterone.

Ovaries

Female reproductive organs in which ova (eggs) are produced, along with the hormones estrogen and progesterone.