When assessing the risk of fraud,an auditor can consider:
A)Attitudes and rationalisation to justify a fraud.
B)Opportunities to perpetuate a fraud.
C)Incentives and pressures to commit fraud.
D)All of the above.

Question

Quizplus · Accepted Answer

All of the above options are important when assessing the risk of fraud. Attitudes and rationalization can help auditors identify employees who may be more likely to commit fraud. Opportunities such as weak internal controls or lack of oversight can also increase the risk of fraud. Incentives and pressures such as financial difficulties or personal problems can also make employees more likely to commit fraud. Therefore, all three of these factors should be considered when assessing the risk of fraud.

When Assessing the Risk of Fraud,an Auditor Can Consider