Question
An internal auditor fails to discover an employee fraud during an assurance engagement. The nondiscovery is most likely to suggest a violation of the Standards
An internal auditor fails to discover an employee fraud during an assurance engagement. The nondiscovery is most likely to suggest a violation of the Standards if it was the result of a
Select one: a. Determination that the cost of extending procedures in the area would exceed the potential benefits. b. Presumption that the internal controls in the area were adequate and effective c. Failure to perform a detailed review of all transactions in the area. d. Determination that any possible fraud in the area would not involve a material amount
--------------- Please Solve As soon as Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started