Question
48. Which of the following is not required by SAS No. 99, Consideration of Fraud in a Financial Statement Audit? A. Conduct a continuing assessment
48. Which of the following is not required by SAS No. 99, "Consideration of Fraud in a Financial Statement Audit"?
A. Conduct a continuing assessment of the risks of material misstatement due to fraud throughout the audit.
B. Conduct a discussion by the audit team of the risks of material misstatement due to fraud.
C. Conduct the audit with professional skepticism, which includes an attitude that assumes balances are incorrect until verified by the auditor.
D. Conduct inquiries of the audit committee as to their views about the risks of fraud and theirknowledge of any fraud or suspected fraud.
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Stand Up To The IRS How To Handle Audits Tax Bills And Tax Court
Authors: Frederick W. Daily Robin Leonard
2nd Edition
0873372409, 978-0873372404
