Which of the following procedures is not a fraud-related audit procedure used to respond to identified...
Which of the following procedures is not a fraud-related audit procedure used to respond to identified fraud risk factors?
| a. |
Physically inspect tangible assets, including major additions, and agree serial numbers with invoices or other supporting documents. |
|
| b. |
Use the work of a specialist for asset valuations, including impairments. |
|
| c. |
Confirm the terms of significant additions of property or intangibles with other parties involved in the transaction. |
|
| d. |
All of the above are fraud-related audit procedures. |
Homework Answers
ANSWER:
OPTION D: all of the above are fraud related audit procedures
EXPLANATION:
Fraud related audit procedures used to respond to identified fraud risk factors include all of the above mentioned steps
Add Answer to:
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