A major difference between financial statement auditors and fraud examiners is that most financial statement auditors:
A)merely match documents to see whether support exists and is adequate.
B)determine whether the documents are real.
C)determine whether the expenditures make sense.
D)check whether all aspects of the documentation are in order.

Question

Quizplus · Accepted Answer

Financial statement auditors primarily focus on verifying the accuracy and reliability of financial statements through document matching and ensuring that sufficient documentation exists to support reported transactions. Fraud examiners, on the other hand, have a broader focus that includes investigating potential fraud and identifying red flags that may not be apparent from purely financial analysis.

A Major Difference Between Financial Statement Auditors and Fraud Examiners