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