Auditing: A Risk Based-Approach to Conducting a Quality Audit
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN: 9781305080577
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: South-Western College Pub
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Chapter 2, Problem 25RSCQ
To determine

Introduction: Fraud refers to an intended attempt to misrepresent the financial statement of an entity in order to attain some personal gain or advantage.

To explain: The term fraud and two types of misstatements relevant to auditor’s consideration for fraud.

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Define fraud and explain the two types of misstatements thatare relevant to auditors’ consideration of fraud.
WHAT ARE THE TWO TYPES OF FRAUD THAT AN AUDITOR TAKES INTO ACCOUNT WHEN DETERMINING THE RISK OF FRAUD?
WHAT ARE THE TWO TYPES OF FRAUD THAT AN AUDITOR TAKES INTO CONSIDERATION WHEN DETERMINING THE PROBABILITY OF A FRAUD COMMITMENT?
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