Red Flags That Auditors Can Use to Alert Them to the Possibility

question 28

Multiple Choice

Red flags that auditors can use to alert them to the possibility that a fraud may have occurred include

• A) strong internal controls.
• B) routine transactions.
• C) a high turnover of key employees.
• D) effective internal auditing staff.

---

Definitions:

Maximum Life Span

The highest age attainable by any member of a species, indicating the absolute limits of biological longevity.

Secondary Aging

Aging that occurs due to controllable factors like poor diet, inactivity, disease, and substance abuse, rather than genetic factors.

Senescence

The process of aging, whereby the body becomes less strong and efficient.

Smoking Cigarettes

Smoking cigarettes involves the inhalation of smoke generated by burning tobacco wrapped in paper, a practice known to have harmful health effects, including increased risk of cancer, heart disease, and respiratory problems.