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.

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Definitions:

Triumph Of The Barberini

A term that symbolizes the rise to power and the cultural achievements of the Barberini family in Rome during the 17th century, including their patronage of the arts.

Ceiling Fresco

A mural painted on wet plaster on a ceiling, a technique especially popular in Renaissance and Baroque architecture for its grand and immersive effects.

Pietro Da Cortona

An Italian Baroque painter and architect, known for his frescoes and ceilings, which combine dramatic movement and rich coloring.

La Pittura

An Italian term meaning "the painting," often associated with discussions on the art and technique of painting.