Which of the Following Statements Reflects an Auditor's Responsibility for Detecting

question 31

Multiple Choice

Which of the following statements reflects an auditor's responsibility for detecting fraud?

• A)An auditor is not responsible for discovering fraudulent acts involving employee collusion.
• B)The audit should be planned to detect only fraud caused by departures from GAAP.
• C)An auditor is only responsible for detecting fraudulent financial reporting.
• D)An auditor should design the audit to provide reasonable assurance of detecting errors and fraud that are material to the financial statements.

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Definitions:

Cognitive Therapies

A group of psychotherapeutic approaches that aim to change problematic thoughts, beliefs, and attitudes to improve emotional regulation and develop personal coping strategies.

Learning Revolution

A significant shift or transformation in the methods, theories, or practices of learning and education, often driven by technological advancements or new research findings.

Sociocultural Revolution

A significant change in society and culture through the adoption of new beliefs, norms, and values, often driven by technological advancements, social movements, or political changes.

Biological Perspective

An approach in psychology that examines psychological disorders and behaviors from a biological standpoint, focusing on genetics, neurotransmitters, and the anatomy of the brain.