The auditor is most likely to presume that a
high risk of fraud exists if
a. The client is a multinational company
that does business in numerous foreign
countries.
b. The client does business with several
related parties.
c. Inadequate segregation of duties
places an employee in a position to
perpetrate and conceal thefts.
d. Inadequate employee training results in
lengthy EDP exception reports each
month
high risk of fraud exists if
a. The client is a multinational company
that does business in numerous foreign
countries.
b. The client does business with several
related parties.
c. Inadequate segregation of duties
places an employee in a position to
perpetrate and conceal thefts.
d. Inadequate employee training results in
lengthy EDP exception reports each
month