Which of the Following Is Not Required by AU 240,"Consideration

question 64

Multiple Choice

Which of the following is not required by AU 240,"Consideration of Fraud in a Financial Statement Audit"?

• A)Conduct a continuing assessment of the risks of material misstatement due to fraud throughout the audit.
• B)Conduct a discussion by the audit team of the risks of material misstatement due to fraud.
• C)Conduct the audit with professional skepticism,which includes an attitude that assumes balances are incorrect until verified by the auditor.
• D)Conduct inquiries of shareholders as to their views about the risks of fraud and their knowledge of any fraud or suspected fraud.

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Definitions:

Testosterone

A steroid hormone primarily produced in males by the testicles and in smaller amounts in females by the ovaries, playing key roles in health and development.

Natural Level

An inherent or fundamental state or degree of something that is not influenced by external factors.

Ovaries

Female reproductive organs that produce eggs and hormones like estrogen and progesterone.

Gender Roles

Societal norms dictating the behaviors, values, and attitudes considered appropriate for males and females.