When auditors audit the company,what are they looking for with regards to fraud?
A) The auditors systematically search for any fraudulent activity across the whole company
B) Auditors will compare company profits to company tax payments
C) Auditors look for fraudulent activity not only of the company they audit, but suppliers, customers and employee activity is also investigated
D) The auditors are not responsible for detecting all fraud in the company

Question

Quizplus · Accepted Answer

The "expectation gap" is the difference between what auditors actually do and what the public expects of them. They are "A watchdog, not a bloodhound". Whilst audit should highlight potential problems, and companies should not hide anything, auditors can only work to the best of their ability.

When Auditors Audit the Company,what Are They Looking for with Regards