The auditor's assessment of fraud is part of his assessment of the risk of material misstatement.If the risk of fraud is high,
A) the auditor may obtain evidence that is more relevant
B) the auditor may obtain additional evidence from individuals who might be involved in the fraud
C) the auditor may obtain evidence that is more reliable
D) the auditor may obtain evidence that is more accurate
E) the auditor may obtain evidence from independent sources
F) both A and B
G) both A and C
H) Both C and E
Correct Answer:
Verified
Q85: An estimation transaction involves
A)a decision by management
Q86: Factors that may influence the extent of
Q87: The fraud discussion may include the following
Q88: Fraudulent journal entries often have unique characteristics.These
Q89: The fraud discussion may include the following
Q91: Auditors are required to audit the revenue
Q92: Fraudulent journal entries often have unique characteristics.These
Q93: Fraudulent journal entries often have unique characteristics.These
Q94: The fraud discussion may include the following
Q95: Fraudulent journal entries often have unique characteristics.These
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