The Auditor's Responsibility for Fraud

question 39

Multiple Choice

The auditor's responsibility for fraud:

• A) ends as of the balance sheet date.
• B) ends as of the date of the audit report.
• C) ends as of the withdrawal from the client.
• D) essentially never ends.

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Definitions:

Measure Of Variation

A statistical metric that indicates the extent to which data points in a data set diverge from the average or mean value.

Extreme Scores

Values in a set of data that are significantly higher or lower than the majority of the other data points.

Individual Earnings

The amount of money earned by an individual from work or investments.

Mean

The arithmetic average of a set of values, calculated by adding all the numbers and dividing by the count of values.