If the auditor is concerned about the risk of fraud in the purchasing process, which of the

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If the auditor is concerned about the risk of fraud in the purchasing process, which of the following best describes the auditor’s potential fraud risk assessments?

a. Fraudulent financial reporting–high risk; misappropriation of assets–high risk.

b. Fraudulent financial reporting–high risk; misappropriation of assets–low risk.

c. Fraudulent financial reporting–low risk; misappropriation of assets–high risk.

d. Fraudulent financial reporting–low risk; misappropriation of assets–low risk.

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Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

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Question Posted: Jan 09, 2020 11:41 AM

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If the auditor is concerned about the risk of fraud in the purchasing process, which of the

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Auditing A Practical Approach with Data Analytics

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