Fraud examination

test

pls someone help me

1) One of the two fieldwork stages of gathering audit evidence is the account balancetesting phase.

a. True

b. False

2) A detection risk is a risk that an account or transactions contain material misstatements before the effects of the controls.

a. True b. False

3) A control risk is a risk that a material error in the balance or transaction class will not be prevented or detected.

a. True b. False

4) Substantive auditing tests do not include analytical procedures. a. True b. False

5 ) Generally accepted audit standards are designed to catch most material fraud.

a. True b. False

6)There is a gap between user expectations and the product that independent auditors deliver.

a. True b. False