What is the general character of the work conducted in performing a forensic audit?
A)Detecting or deterring fraudulent activity.
B)Providing assurance that the financial report is not materially misstated.
C)Identifying the causes of an entity's financial difficulties.
D)Offering an opinion on the reliability of the specific assertions made by management.

Question

Quizplus · Accepted Answer

The general character of the work conducted in performing a forensic audit is to detect or deter fraudulent activity. This involves investigating financial statements and accounting records to identify instances of fraud, misappropriation of funds, and other types of financial misconduct.

Option B is associated with a financial statement audit, which is a different type of audit. Option C may be part of the scope of a forensic audit, but it is not the primary objective. Option D is also part of the scope of a financial statement audit and is not specific to forensic audit.

What Is the General Character of the Work Conducted in Performing