ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 62
17 . Which of the following best defines fraud in a financial statement auditing context ? 18 . Which of the following would the auditor be most concerned about regarding a heightened risk of intentional misstatement ? 19 . Which of the following is least likely to uncover fraud ? 20 . Which party has the primary responsibility to oversee an organization ' s financial reporting and internal control process ? 21 . ________ is fraud that involves theft of an entity ' s assets . 22 . Who is most likely to perpetrate fraudulent financial reporting ? 23 . A company is concerned with the theft of cash after the sale has been recorded . One way in which fraudsters conceal the theft is by a process called " lapping ." Which of the following best describes lapping ? 24 . Which of the following is a factor that relates to incentives or pressures to commit fraudulent financial reporting ? 25 . Fraud awareness training should be : 26 . Fraud is more prevalent in smaller businesses and not-for-profit organizations because it is more difficult for them to maintain : 27 . Which of the following questions is the auditor not required to ask company management when assessing fraud risk ? 28 . Auditors need to exhibit professional skepticism when auditing a client . This auditing standard is best expressed by which of the following ? 29 . Which of the following is a factor that relates to incentives to misappropriate assets ? 30 . Financial statement manipulation risk is arguably present for all companies ' financial statements . However , the risk is elevated for companies that : ======================================================== ACC 403 Quiz 5