Which of the following is not a likely source of information to assess fraud risks?
A) communications among audit team members
B) inquiries of management
C) analytical procedures
D) consideration of fraud risks discovered during recent audits of other clients

Question

Quizplus · Accepted Answer

Considering fraud risks discovered during recent audits of other clients might not be a reliable source of information as each client is unique and has different risk factors. Therefore, relying solely on the previous audit's findings may not provide a complete understanding of the current client's fraud risks. The other options (A, B, and C) are likely sources of information to assess fraud risks.

Which of the Following Is Not a Likely Source of Information