Which of the Following Represents the Primary Difference Between an Audit

question 44

Multiple Choice

Which of the following represents the primary difference between an audit and forensic accounting?

• A)An audit has the focused responsibility to detect fraud in the client organization while forensic accounting sets out to prevent fraud.
• B)An audit has no responsibility for fraud while forensic accounting provides an audit specific to material fraud discovery.
• C)An audit must follow Generally Accepted Auditing Standards while the forensic accountant is bound to Generally Accepted Fraud Standards.
• D)An audit utilizes sampling techniques to detect material misstatements while forensic accounting examines the entire population of fraudulent transactions.

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Definitions:

Diastolic Heart Failure

A condition where the heart has difficulty relaxing and filling with blood, leading to congestion and reduced blood flow to the body.

Ventricle

One of the two lower chambers of the heart, responsible for pumping blood to the body (left ventricle) and the lungs (right ventricle).

Unable Fill

A term often used in pharmacy to denote a situation where a prescription cannot be dispensed due to various reasons such as unavailability or insurance issues.

Nontraumatic Intracerebral Hemorrhage

Spontaneous bleeding within the brain tissue that occurs without external injury.