Question
1. Anderson, Olds, and Watersheds audit workpapers for Apollo Shoes, Inc. include a memorandum prepared by Darlene Wardlaw regarding the consideration of fraud. Darlenes memorandum
1. Anderson, Olds, and Watersheds audit workpapers for Apollo Shoes, Inc. include a memorandum prepared by Darlene Wardlaw regarding the consideration of fraud. Darlenes memorandum was in response to the key risk factors identified during the preliminary planning portion of the audit. Based on the AU-C Section 240, Consideration of Fraud in a Financial Statement Audit, what audit team responsibilities have been identified in Darlenes memo? o Instructions: List at least three of the audit team responsibilities and discuss the AU-C Section 240 paragraphs that specifically address these responsibilities. Provide a brief summation of your research; please include the section identification (example - 240.01) of the standards. Post your summation in the discussion thread 5-1 Seminar (Class Meeting). Attachments included below! Acct 470, Page 1 (Below) - IC Program and Wardlaw Fraud Discussion. Acct 470.
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