The Fraud Discussion May Include the Following Elements

question 6

Multiple Choice

The fraud discussion may include the following elements

• A)a discussion of management's involvement in supervising employees with access to cash or other assets susceptible to misappropriation
• B)a consideration of unusual or unexplained changes in the behavior or lifestyle of employees that have come to the attention of the auditor
• C)a consideration of the types of evidence that might indicate the possibility of fraud
• D)a discussion of how an element of predictability will be built into the nature,timing,and extent of audit procedures
• E)a discussion of any allegations of fraud that have come to the attention of management
• F)both A and B
• G)both C and D
• H)both C and E

---

Definitions:

Economists

Experts in the study of economics, focusing on the distribution, consumption, and production of goods and services.

Net Exports

The value of a country's total exports minus its total imports; a positive value indicates a trade surplus, while a negative value indicates a trade deficit.

Gross Savings

The total amount of savings generated within an economy, including personal, business, and government savings, before accounting for depreciation.

Net Investment

The total spending on new capital minus the replacement of depreciated capital, indicating the actual increase in a company's or nation's capital stock.