A corporate balance sheet indicates that one of the corporate assets is a patent. Where will an auditor most likely be able to obtain a written

representation of this patent from?

Patent owner.Patent lawyer.Regional patent office.Patent inventor.

Who is more likely to be involved in fraud related to investments and intangibles? Middle management. Accounting clerks. Payroll clerks. Senior officials.

Which of the following isnotaccurate when discussing the finance and investment process? Segregation of duties is extremely important. Directors should approve all share capital transactions. Typically, finance and investment transactions are audited in detail. Derivative instruments are usually complex transactions.