10. The audit standards refer to "theft as A. Cooking the books B. Fraudulent financial reporting C. Misappropriation of assets D. All of the above 11. If internal controls are effective, this can reduce A. Detection Risk B. Engagement Risk C. Risk of Material Misstatement D. All of the above 12. The areas where the auditor will focus the audit resources during an audit engagement A. Audit Strategy B. Audit Memo C. Audit Guide D. Audit Plan 10. The audit standards refer to "theft as A. Cooking the books B. Fraudulent financial reporting C. Misappropriation of assets D. All of the above 11. If internal controls are effective, this can reduce A. Detection Risk B. Engagement Risk C. Risk of Material Misstatement D. All of the above 12. The areas where the auditor will focus the audit resources during an audit engagement A. Audit Strategy B. Audit Memo C. Audit Guide D. Audit Plan