In connection with the audit of financial statements, an independent auditor could be responsible for failure to detect a material fraud if Select one

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
Publisher:KNAPP
Chapter3: Internal Control Issues
Section3.3: Avon Products, Inc.
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In connection with the audit of financial statements, an independent auditor could be responsible for failure to detect a material fraud
if
Select one
a the auditor planned the audit in a negligent manner
b accountants performing important parts of the work tailed to discover a close relationship between the treasurer and the
castier
c. the fraud was perpetrated by one employee who circurmvented ine existing internal controls
O a statistical sampling techniques were not used on the audit engagement
Transcribed Image Text:In connection with the audit of financial statements, an independent auditor could be responsible for failure to detect a material fraud if Select one a the auditor planned the audit in a negligent manner b accountants performing important parts of the work tailed to discover a close relationship between the treasurer and the castier c. the fraud was perpetrated by one employee who circurmvented ine existing internal controls O a statistical sampling techniques were not used on the audit engagement
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