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anice and Henry are meeting to discuss potential fraud risks associated with a new attestation client they are considering taking on. ouring the meeting, the conversation turns to the fraud risk associated with the client's property, plant and equipment accounts. anice tells Henry that as fixed assets are typically large and hard to steal, she doesn't see any concerns in this area. Which of the ollowing correctly represents Henry's most appropriate reply to this statement? I partially agree with you. I would agree that it would seem difficult to steal or redirect fixed assets without the client finding out. With that being said, perhaps the fraud risk in this area is related to improper capitalization practices. I completely disagree. I think that anytime a client increases its fixed assets via acquisition of property, plant and equipment, inherent risk and fraud risk also increase. Despite being large, these assets are still prone to theft, embezzlement, and fraud. You are correct. It would be extremely hard if not impossible for someone to steal a client's fixed assets without being noticed. Another issue would be transferring the title to someone else's name. I don't see anything to worry about here either. I partially agree with you. I think you are correct in saying that fixed assets would indeed be hard to steal. However, I also think that there is an opportunity for accounts that are related to fixed assets such as depreciation and dividends accounts to be manipulated