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Describe the types of overall responses by auditors to address fraud risk. (Select all that apply.) Describe the types of overall responses by auditors to
Describe the types of overall responses by auditors to address fraud risk. (Select all that apply.)
Describe the types of overall responses by auditors to address fraud risk. (Select all that apply.) A. Critical evaluation of audit evidence should be discussed with management and then collaborate in developing an audit procedure to eliminate the risk of fraud. B. Place greater emphasis on management's choice of accounting principles with special attention given to those that involve subjective measurements or complex transactions. C. Assign more experienced personnel to the engagement D. Design and perform audit procedures to address fraud risks E. If the risk of material misstatement due to fraud is increased, the auditor should increase communications among audit team. F. Perform analytical procedures as the only useful indicator of fraud. G. Consider whether antifraud programs and controls mitigate the identified risks of material misstatement due to fraud. H. Discuss the auditor's findings about fraud risk with management to obtain management's views of the potential for fraud and the existing controls designed to prevent or detect misstatementsStep by Step Solution
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