Match each of the descriptions with the term or phrase it best reflects. Description 1. A less expensive and more effective means to stop fraud. 2. Examines whether financial statements are prepared using GAAP. 3. Procedures set up to protect company property and equipment, ensure reliable accounting, promote efficiency, and encourage adherence to policies. 4. Employee has the opportunity, pressure, and incentive to commit fraud. 5. Beliefs that distinguish right from wrong. Term or Phrase

Match each of the descriptions with the term or phrase it best reflects. Description 1. A less expensive and more effective means to stop fraud. 2. Examines whether financial statements are prepared using GAAP. 3. Procedures set up to protect company property and equipment, ensure reliable accounting, promote efficiency, and encourage adherence to policies. 4. Employee has the opportunity, pressure, and incentive to commit fraud. 5. Beliefs that distinguish right from wrong. Term or Phrase

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter2: The Auditor’s Responsibilities Regarding Fraud And Mechanisms To Address Fraud: Regulation And Corporate Governance

Section: Chapter Questions

Problem 3CYBK

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