According to Professional Audit Standards,how Might Auditors Gain an Understanding

question 49

Multiple Choice

According to professional audit standards,how might auditors gain an understanding of the nature of fraud that may occur in the client organization?

• A)Fraud training courses from actual corporate fraud ex-criminals.
• B)Conducting a brainstorming session with the members of the audit team.
• C)Circulating a survey to the client company employees for completion.
• D)Discussions with other audit firms.

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Definitions:

Coaxial

A type of cable that is used for transmitting television signals, internet connectivity, and other data.

Fiber Optic

Technology that uses thin, flexible fibers of glass or other transparent solids to transmit light signals for telecommunications or computing.

Software-Defined

Refers to technologies where software controls and manages hardware components, enabling more flexible, scalable, and efficient infrastructure for networking, storage, or computing.

Backbone

In networking, a backbone refers to the principal data routes between large, strategically interconnected networks and core routers on the Internet.