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:

Rational Culture

A type of organizational culture that emphasizes logic, efficiency, and formal structures to achieve business goals.

Observable Culture

The visible and tangible elements of organizational culture, such as rituals, dress codes, and behaviors that can be noticed by others.

Tech Consulting

The service of providing expertise and advice to businesses on how to use technology to achieve their objectives, improve processes, or solve problems.

Reward And Recognition

The practice of acknowledging and giving incentives to employees for their achievements and contributions.