Question
2. With respect to financial statement fraud, which one of the following statements is not correct? Select one: A. Enquiries of management are more useful
2. With respect to financial statement fraud, which one of the following statements is not correct? Select one:
A. Enquiries of management are more useful for detecting management fraud than employee fraud.
B. Excessive pressure on management to meet expectations of third parties creates incentives for management fraud.
C. The auditor needs to consider the likelihood of collusion in determining the appropriate level to report suspicions of fraud.
D The auditor must consider the risk of material fraud at both the financial statement level and the assertion level.
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