Which of the Following Is Not a Likely Source of Information

question 33

Multiple Choice

Which of the following is not a likely source of information to assess fraud risks?

• A)Communications among audit team members
• B)Inquiries of management
• C)Analytical procedures
• D)Consideration of fraud risks discovered during recent audits of other clients

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Definitions:

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.

Trade Restrictions

Measures imposed by governments to regulate international trade, including tariffs, quotas, embargoes, and other forms of trade barriers, aimed at protecting domestic industries.

Dumping

Selling products in a foreign market at a price below the cost to produce them, often considered a form of predatory pricing.

Cream Skimming

The practice of selectively choosing the best or most profitable customers, clients, or opportunities, often leaving less desirable ones for others.