What is an example of a condition that may be identified during field work that changes or supports a judgement about the initial assessment of fraud risks?
A) a government announcement of an interest rate rise
B) a wage rise granted to all employees during the audit
C) conflicting or missing evidential matters
D) development of a new product line

Question

Quizplus · Accepted Answer

Conflicting or missing evidential matters during field work can indicate discrepancies or issues in the documentation or processes being audited, which may change or support a judgement about the initial assessment of fraud risks. This is because such matters could suggest manipulation or falsification of records, raising concerns about potential fraud.

What Is an Example of a Condition That May Be