SAS No. 99 requires auditors to conduct a brainstorming session to discuss the potential for fraud and

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SAS No. 99 requires auditors to conduct a brainstorming session to discuss the potential for fraud and how the auditor might respond to the risk of fraud. However, the standard provides limited guidance on how this brainstorming session should take place. Read "A Primer for Brainstorming Fraud Risks" by Mark Beasley and Greg Jenkins in the December 2003 issue of Journal of Accountancy (www.journalofaccountancy.com/Issues/2003/Dec/ APrimerForBrainstormingFraudRisks.htm.) to answer the following questions.

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a. What are three common pitfalls that should be avoided during brainstorming sessions? How can these problems be avoided?
b. What are three important techniques to improve the effectiveness of a brainstorming session?

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Auditing and Assurance services an integrated approach

ISBN: 978-0132575959

14th Edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

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