When Auditors Audit the Company,what Are They Looking for with Regards

question 14

Multiple Choice

When auditors audit the company,what are they looking for with regards to fraud?

• A) The auditors systematically search for any fraudulent activity across the whole company
• B) Auditors will compare company profits to company tax payments
• C) Auditors look for fraudulent activity not only of the company they audit, but suppliers, customers and employee activity is also investigated
• D) The auditors are not responsible for detecting all fraud in the company

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Definitions:

Scientific Testing

A methodical procedure carried out to support, refute, or validate a hypothesis, involving empirical and measurable evidence subject to specific principles of reasoning and experimentation.

Telepathy

The claimed psychic ability to communicate thoughts or feelings between individuals without using the known human sensory channels.

Perception

The method of arranging and understanding sensory data, allowing us to identify significant objects and occurrences.

Ability

A person's level of competence in or aptitude for a particular task or range of tasks.