Which of the following is a specific audit procedure that would be completed in response toa particular fraud risk in an account balance or class of transactions?a. Exercising more professional skepticism.b. Carefully avoiding conducting interviews with people in areas that are most susceptibleto fraud.c. Performing procedures such as inventory observation and cash counts on a surprise orunannounced basis.d. Studying management’s selection and application of accounting principles more carefully

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Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.