Fraud Risk

Question 1

Material fraud talk to who first?

Answer 1

Audit committe

Question 2

Auditor responsibility of communication of fraud to..

Answer 2

Charge with governance and senior management

Question 3

Missing docs

Answer 3

Fraud FS

Question 4

Auditor responsibility on fraud

Answer 4

Design system that provide reasonable assurance to DETECT and PREVENT ERROR and FRAUD

Question 5

Bearer bond

Answer 5

Miss apro asset

Question 6

Private company hard to deal with fraud if

Answer 6

Accounting estimates

And

Application of acc principle

Question 7

Immaterial fraud what to do

Answer 7

Talk to one level up of management

Question 8

Fraud 3 element

Answer 8

Pressure
Opportunity
Rationality

Question 9

Invoice fraud how?

Answer 9

Same invoice number on 2 invoices

Question 10

Proffesional skepticism equal to

Answer 10

Questioning mind

Question 11

Argument and disagreement with management

FS or misappropriation asset

Answer 11

Fs

Question 12

Aggressive acc policies

Answer 12

Fs fraud