Planning

Question 1

Is an interim audit completed before or after the year end?

Answer 1

Before

Question 2

What are the two categories of fraud?

Answer 2

Fraudulent financial reporting
Misappropriation

Question 3

What needs to be in a working paper?

Answer 3

Reporting date
File reference
Name of preparer and date
Name of reviewer and date
Subject of working paper
Objective
Work performed
Results and conclusions drawn