Which two of the following characterize the work of fraud examiners? I.Analysis of control weaknesses for determination of acceptable fraud risk.
II) Analysis of control strengths as a basis for planning other audit procedures.
III) Determination of a materiality amount that represents a significant misstatement of the financial statements.
IV) Thinking of a materiality amount in cumulative terms-that is,becoming large over a number of years.
A) I & II.
B) II & IV.
C) I & III.
D) I & IV.
Correct Answer:
Verified
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