When planning the audit, the auditor should make inquiries of management in order to do the following, except Group of answer choices Determine whether management and other within the entity (e.g., internal audit function) have knowledge of any actual, suspected or alleged fraud affecting the entity. Provide useful information concerning the risks of material misstatements in the financial statements resulting from management fraud.
When planning the audit, the auditor should make inquiries of management in order to do the following, except Group of answer choices Determine whether management and other within the entity (e.g., internal audit function) have knowledge of any actual, suspected or alleged fraud affecting the entity. Provide useful information concerning the risks of material misstatements in the financial statements resulting from management fraud.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
Problem 39CYBK
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Question
When planning the audit, the auditor should make inquiries of management in order to do the following, except
Group of answer choices
Determine whether management and other within the entity (e.g., internal audit function) have knowledge of any actual, suspected or alleged fraud affecting the entity.
Provide useful information concerning the risks of material misstatements in the financial statements resulting from management fraud.
Obtain an understanding of the accounting and internal control systems management has put in place to address fraud and error.
Obtain an understanding of management’s assessment of the risk that the financial statements may be materially misstated as a result of fraud.
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