Which of the Following Procedures Is Not a Fraud-Related Audit

question 66

Multiple Choice

Which of the following procedures is not a fraud-related audit procedure used to respond to identified fraud risk factors?

• A)Physically inspect tangible assets,including major additions,and agree serial numbers with invoices or other supporting documents.
• B)Use the work of a specialist for asset valuations,including impairments.
• C)Confirm the terms of significant additions of property or intangibles with other parties involved in the transaction.
• D)All of the above are fraud-related audit procedures.