Audit tests do not relate to fraud testing because testing for fraud is conducted in a separate engagement.

Question

Quizplus · Accepted Answer

While audit tests may not be specifically designed to detect fraud, they are still an important tool in detecting and preventing fraud. Auditors should be aware of the potential for fraud and incorporate appropriate procedures into their audit to address that risk. Additionally, some audit tests may indirectly reveal signs of fraud. However, it is important to note that fraud testing is typically conducted in a separate, more focused engagement specifically designed to detect and investigate fraud.

Audit Tests Do Not Relate to Fraud Testing Because Testing