Which of the following is correct relating to "fraud risk factor"?
A)it may affect the auditors assessment of risks relating to fraud
B)if it involves senior management,it will result in resignation of the auditor
C)it is also a material weakness in internal control
D)the planned audit procedures would require modifications

Question

Quizplus · Accepted Answer

Fraud risk factors are considered by auditors to assess the risk of material misstatement due to fraud, which may affect their audit approach.

Which of the Following Is Correct Relating to "Fraud Risk