Auditor responses to fraud risk include which of the following?
A) Change the overall conduct of the audit to respond to identified fraud risks.
B) Design and perform procedures to address the risk of management override of controls.
C) Design and perform audit procedures to address identified risks.
D) all of the above

Question

Quizplus · Accepted Answer

All of the options (A, B, and C) are correct auditor responses to fraud risk. The auditor should change the overall conduct of the audit to respond to identified fraud risks (Option A), design and perform procedures to address the risk of management override of controls (Option B), and design and perform audit procedures to address identified risks (Option C). Therefore, the best choice is D (all of the above).

Auditor Responses to Fraud Risk Include Which of the Following