Which of the following best describes what is
meant by the term “fraud risk factor?”
a. Factors whose presence indicates that
the risk of fraud is high.
b. Factors whose presence requires
modification of planned audit procedures.
c. Factors whose presence often have
been observed in circumstances
where frauds have occurredd. Reportable conditions identified during
an audit
meant by the term “fraud risk factor?”
a. Factors whose presence indicates that
the risk of fraud is high.
b. Factors whose presence requires
modification of planned audit procedures.
c. Factors whose presence often have
been observed in circumstances
where frauds have occurredd. Reportable conditions identified during
an audit