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 32RSCQ
To determine

Introduction:Opportunity is referred to as situations that increaseopportunities for a perpetrator to commit fraud and reducethe risk of getting caught. Weakness in internal controls and complex transactions are the basic factors which increasethe opportunity to commit fraud.

To identify:The factors that would be strong indicators of opportunities to commit fraud.

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Identify fraud risk factors or red flags.
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