A major difference between auditors and fraud examiners is that most auditors __________________. Fraud examiners and forensic accountants who detect fraud go 6 of 10 beyond this. They determine whether __________________, whether expenditures make sense, and whether all aspects of the documentation are in order.
A. Are not trained in detecting fraud; red flags exist
B. Merely match documents to numbers to see whether support exists and is adequate; the documents are real or fraudulent
C. Have at least a 5% threshold for materiality; fraud at any threshold exists
D. Don’t have the interview skills to assess fraud; people make inconsistent statements
A major difference between auditors and fraud examiners is that most auditors Merely match documents to numbers to see whether support exists and is adequate Fraud examiners and forensic accountants who detect fraud go 6 of 10 beyond this. They determine whether the documents are real or fraudulent whether expenditures make sense, and whether all aspects of the documentation are in order.
Correct answer is option B.
A major difference between auditors and fraud examiners is that most auditors __________________. Fraud examiners and...
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