SAS No.99 Requires That Auditors

question 62

Multiple Choice

SAS No.99 requires that auditors

• A)plan audits based on an analysis of fraud risk.
• B)detect all material fraud.
• C)alert the Securities and Exchange Commission of any fraud detected.
• D)take all of the above actions.

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Definitions:

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone; the highest level of psychological development in Maslow's hierarchy of needs.

Angst

A profound and deep-seated feeling of dread, anxiety or anguish often associated with the existential concerns of human freedom and responsibility.

Construal

An individual’s particular experience of the world or way of interpreting reality.

Consciousness

The state or quality of awareness or of being aware of an external object or something within oneself.