SAS No 99 Requires Auditors to Document Which of the Following

question 66

Multiple Choice

SAS No. 99 requires auditors to document which of the following matters related to the auditor's consideration of material misstatements due to fraud?

• A) Reasons supporting a conclusion that there is not a significant risk of material improper expense recognition.
• B) Procedures performed to obtain information necessary to identify and assess the risks of material fraud.
• C) Results of the internal auditor's procedures performed to address the risk of management override of controls.
• D) Discussions with management regarding separation of duties.

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Definitions:

Written Record

pertains to documentation of information, events, ideas, and cultures preserved in written or printed form.

Garbage Project

An archaeological project that studies modern refuse to understand consumption patterns, waste management, and social behaviors of contemporary society.

Consumption Levels

A term indicating the amount of goods and services used or consumed by individuals or communities.

Biodegradable Materials

Substances or products that are capable of being decomposed by bacteria or other living organisms, reducing pollution and harm to the environment.