Which of the following statements is FALSE? A. Irregularities are intentional misrepresentations associated with the commission of a fraud B. Errors are unintentional mistakes C. Data conversion provides safe storage for the off-line data files. These files could be backups or current data files. D. Before the auditor can determine the nature and extent of the tests to perform he or she must gain a thorough understanding of the client’s business
Which of the following statements is FALSE? A. Irregularities are intentional misrepresentations associated with the commission of a fraud B. Errors are unintentional mistakes C. Data conversion provides safe storage for the off-line data files. These files could be backups or current data files. D. Before the auditor can determine the nature and extent of the tests to perform he or she must gain a thorough understanding of the client’s business
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
Chapter11: Auditing Inventory, Goods And Services, And Accounts Payable: The Acquisition And Payment Cycle
Section: Chapter Questions
Problem 27CYBK
Related questions
Question
Which of the following statements is FALSE?
A. Irregularities are intentional misrepresentations associated with the commission of a fraud
B. Errors are unintentional mistakes
C. Data conversion provides safe storage for the off-line data files. These files could be backups or current data files.
D. Before the auditor can determine the nature and extent of the tests to perform he or she must gain a thorough understanding of the client’s business
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q…
Accounting
ISBN:
9781305080577
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
South-Western College Pub
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q…
Accounting
ISBN:
9781305080577
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
South-Western College Pub
Business/Professional Ethics Directors/Executives…
Accounting
ISBN:
9781337485913
Author:
BROOKS
Publisher:
Cengage