A Good Reason for Involving Fraud Auditors in the Planning

question 31

Multiple Choice

A good reason for involving fraud auditors in the planning of a regular audit of financial statements is _______.

• A)when there are many fraud risk factors
• B)when the audit committee authorizes further investigation
• C)it makes the client aware of how seriously the auditor takes its fraud detection responsibility
• D)it improves the documentation standards of the financial statement audit

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Definitions:

Equation

A statement in mathematics that establishes the equivalence of two expressions, typically with variables.

Linear Inequalities

Mathematical statements that involve linear expressions and inequalities, showing that one side is either greater than, less than, greater than or equal to, or less than or equal to the other.

System

A group of guidelines or processes used to accomplish a task; a systematic strategy or technique.

Positive Exponents

Exponents that are positive numbers, indicating how many times the base is multiplied by itself.