Does the organization conduct pre-employment backgroundchecks to identify previous dishonest or unethical behavior?

Q: What should an auditor do if they discover they have forgotten to perform a substantive procedure?

A: Audit Procedure: A specific procedure undertaken by an auditor to procedure evidence in a particular…

Q: Which of the following factor(s) is/are considered by courts in determining whether an act committed…

A: A partnership firm is a constitution entity that engages two or more individuals as partners. These…

Q: If an IT auditor discover irregular & illegal acts during the course of his audit, what should the…

A: Answer: It is the responsibility of the auditor to report independence opinion on any audit…

Q: Would independence be impaired if a CPA firm retained an independent contractor on a part-time basis…

A: Statutory audit is done in order to get a certain opinion by the independent auditor conducting…

Q: What considerations should an auditor take into account before taking a job? Explain.

A: Auditing involves an independent examination of financial records of the entity with a view to…

Q: In a fraud examination, original documents must be protected from damage and tampering toa.…

A: Fraud examination: Wrongdoing checks require attempts to address claims or signs of wrongdoing where…

Q: (a) the payment of an unauthorized employee and (b) omission of payments to an employee may be…

A: Introduction: Payroll is a term that refers to a company's roster of employees and the money sent to…

Q: why should the client represantion letter be prepared foreach examination?

A: SOLUTION  REPRESENTATION LETTER  IS A LETTER WRITTEN FROM THE ASSOCIATION TO ITS  ACCOUNTANT…

Q: Define and explain the differences among several kinds of employee frauds that might occur at an…

A: Fraud - Fraud is an intentional act done by an employee involving the use of forgery of instrument,…

Q: countant encounter when trying to decide on “full disclo

A: Accountant role is quite complicated and he has to honest and committed to principal of accounting.

Q: describe the controls which should be carried out to ensure that only validly appointed new…

A: Internal controls are the systems, rules, and procedures implemented by a company to ensure the…

Q: Which of the following is prohibited by the AICPA Code of Professional Conduct?

A: T o help  respond effectively to new ethical challenges they face in serving…

Q: What motivates individuals to engage in occupational fraud?

A: Occupational frauds occur when an employee, management, officer, or owner of a company commits fraud…

Q: What causes people to commit occupational fraud?

A: Answer:Causes of occupational fraud by people are listed below:Financial pressures:Financial…

Q: Which of the following would be considered a self-interest threat? When a member of the assurance…

A: Auditor's independence is the most crucial aspect of the whole auditing process and can be…

Q: t an audito

A: The temptation to interpret data in a way that supports assumptions might seduce an audit and derail…

Q: A segregation of duties among employees eliminates the possibility of collusion   True / false ?

A: In common and general terms, Internal control plays an effective role in the management system of…

Q: Why would a staff auditor want to be “part of the client’s team” and consent to questionable…

A:

Q: What information may auditors use to make a decision on whether or not to accept a new customer

A: After considering the information| of the data| of knowledge listed below, auditors will decide…

Q: What happens when a Covered Member disagrees with a Supervisor?

A: When a covered member disagrees with a supervisor, then there can be three possible situations:

Q: Is Emily's report in accordance with professional standards? If not, what should she have done under…

A: Unaudited financial statements are those statements which has not been audited by the auditor and…

Q: What is the purpose of the following control procedures (i.e., what threats is it designed to…

A: CONTROL PROCEDURES ARE THE SPECIFIC ACTIONS THAT MANAGEMENT TAKES TO MAINTAIN CONTROL AND TO ENSURE…

Q: Outline the steps which can be taken to investigate occupational fraud.

A: Occupational fraud often refers to fraud committed by employees of an organization. This type of…

Q: What are the rights and duties of the CPA?  What obligation does the CPA have to a user of the…

A: Duties of CPA: Auditing and maintaining the financial records of the company Creating and Analyzing…

Q: What are the consequences for a CPA who commits an Act Discreditable?

A: Discreditable: As per the code of conduct, a member will not perform an act discreditable i.e. an…

Q: Before hiring someone for a position involving access to cash, checks or inventory, a company should…

A: The answer for above question is given below:

Q: What audit procedures can be used to verify officers’ compensation?

A: Audit procedures are those procedures or techniques which are followed through the auditors, in…

Q: What is employee fraud?

A: Employee Fraud:   Fraud can be defined as an act of dishonesty that can be performed by a worker or…

Q: What factors should auditors consider in deciding whether to accept or continue the engagement with…

A:

Q: Do you think that the provision of nonaudit services for a client with a failed audit is evidence of…

A: Negligence in auditing means the auditor doesn't follow any standard related to auditing and…

Q: What shall the internal auditor pay attention in reviewing the Executive Compensation Benefits and…

A: Internal Auditor:- An internal auditor is trained professional, who is employed by the firms in…

Q: Define the obligations of auditors in the event that a client fails to comply with applicable laws…

A: Report of the auditor: An auditor's report is a formal document created by an auditor. The auditor…

Q: When an employee is in a position to detect and hide fraudulent activity, incompatible obligations…

A: The Answer :

Q: Distinguish between employee fraud and management fraud.

A: Employee fraud behavior occurs if an employee is falsely or fraud dedicated to its boss. The firm…

Q: Which of the following documentary evidence is considered ? the most reliable Select one a. Written…

A: Audit refers to the evaluation of companies financial statement by the auditor in order to check the…

Q: What are the defining characteristics of (a) white-collar crime, (b) employee fraud, (c)…

A:

Q: ulpa aquiliana as distinguished from culpa contractual:     Proof of due diligence in the selection…

A: Answer -  Culpa aquiliana as distinguished from culpa contractual:  Negligence incident to the…

Q: unethical practices and fraudulent activities

A: The unethical practices mean the actions against the moral or ethical perspectives governing the…

Q: ethical or unethical) on the following computations of the auditor's fee:

A: [Note: Since you have posted multiple questions, we will solve the first question for you. For the…

Q: What are the requirements of Staff Accounting Bulletin No. 108 for evaluating the performance…

A: An uncorrected statement refers to the financial statement containing misrepresented and false…