Fraud Examination
6th Edition
ISBN: 9781337619677
Author: Albrecht, W. Steve, Chad O., Conan C., Zimbelman, Mark F.
Publisher: Cengage,
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Question
Chapter 3, Problem 8MCQ
To determine
The activity that suits the definition.
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Students have asked these similar questions
In a situation that uses inspection of records and documents as a type of evidence, distinguish between vouching and tracing in terms of the direction of testing.
Which of the following is not a technique of collecting audit evidence?
a.
Analytical procedures.
b.
Observation and inspection.
c.
Collecting primary data
d.
Inquiries from third parties.
What do you focus on most when evaluating the relevance of information or
audit evidence?
Whether the information is obtained directly or indirectly.
Whether the information comes from a reputable source.
The completeness and accuracy of the information.
The relationship of the information to the objective of the procedure being
performed.
Chapter 3 Solutions
Fraud Examination
Ch. 3 - Prob. 1DQCh. 3 - Prob. 2DQCh. 3 - Prob. 3DQCh. 3 - Prob. 4DQCh. 3 - Prob. 5DQCh. 3 - Prob. 6DQCh. 3 - Prob. 7DQCh. 3 - Prob. 8DQCh. 3 - Prob. 9DQCh. 3 - Prob. 10DQ
Ch. 3 - Prob. 11DQCh. 3 - Prob. 1TFCh. 3 - Prob. 2TFCh. 3 - 3. Developing a positive work environment is of...Ch. 3 - Prob. 4TFCh. 3 - Prob. 5TFCh. 3 - Prob. 6TFCh. 3 - 7. If a perpetrator is not caught, his confidence...Ch. 3 - Prob. 8TFCh. 3 - Prob. 9TFCh. 3 - Prob. 10TFCh. 3 - Prob. 11TFCh. 3 - Prob. 12TFCh. 3 - Prob. 13TFCh. 3 - Prob. 14TFCh. 3 - Prob. 15TFCh. 3 - Prob. 16TFCh. 3 - Prob. 17TFCh. 3 - Prob. 18TFCh. 3 - Prob. 19TFCh. 3 - Prob. 20TFCh. 3 - In order to create a culture of honesty and...Ch. 3 - Prob. 22TFCh. 3 - Prob. 23TFCh. 3 - Prob. 24TFCh. 3 - Prob. 1MCQCh. 3 - Prob. 2MCQCh. 3 - The best way for management to model appropriate...Ch. 3 - Prob. 4MCQCh. 3 - Most frauds start small and: If not detected,...Ch. 3 - Prob. 6MCQCh. 3 - Prob. 7MCQCh. 3 - Prob. 8MCQCh. 3 - Prob. 9MCQCh. 3 - Prob. 10MCQCh. 3 - Prob. 11MCQCh. 3 - Prob. 13MCQCh. 3 - Prob. 17MCQCh. 3 - Prob. 22MCQ
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Similar questions
- Which of the following statements is true regarding the sufficiency of evidence needed to test an account? a. Evidence sufficiency is a measure of evidence quality. b. Evidence sufficiency is affected by the quality of evidence. c. A relationship does not exist between evidence sufficiency and evidence quality. d. For a specific client, evidence sufficiency will be the same across all accounts.arrow_forwardIn the framework of audit and assurance, we are investigating the consequences of expectation gaps for fraud.arrow_forwardAn example of an analytical procedure is the comparison of Results of a statistical sample with the expected characteristics of the actual population. O Computer generated data with similar data generated by a manual accounting system. Recorded amounts of major disbursements with appropriate invoices. O Financial information with similar information regarding the industry in which the entity operates.arrow_forward
- how many types of Audit Evidence?arrow_forwardAn audit procedure that involves taking a sample of recorded transactions and obtaining original source documents supporting the recorded transactions is referred to as what? a. vouching b. directional testing c. a walk-through d. tracingarrow_forwardWhat are the different types of analytical procedures? Describe how they may be utilized in an audit as substantial tests.arrow_forward
- which of the following is correct about the appropriateness of evidence? A. Audit evidence from external sources is more relevant than evidence generated internallyB. Audit evidence is more persuasive when items of evidence from different sources or of different nature are not consistentC. Audit evidence generated internally is more reliable when the related accounting and internal control systems are effectiveD. Sufficiency refers to the amount of evidence neededarrow_forwardWhich of the following statements is correct regarding detection risk and the audit risk model? OA. The two components of detection risk are test of details risk and inherent risk. B. Detection risk is equal to risk of material misstatement divided by audit risk. OC. There is an inverse relationship between the risk of material misstatement and detection risk. OD. There is a direct relationship between control risk and detection risk.arrow_forwardWhich of the following is not an element of the fraudtriangle?a. Opportunityb. Control environmentc. Incentived. Rationalizationarrow_forward
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