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Prepare a list of the background information that should be obtained for the purpose of this audit and illustrate each item of information identified with
Prepare a list of the background information that should be obtained for the purpose of this audit and illustrate each item of information identified with an example. Formulate ten (10) questions to put to the head of the marketing research and application development section to obtain information on the economic and efficient functioning of the section. For each question formulated, explain how the information obtained will be used to evaluate either economy or efficiency. State whether or not each of the transactions described above should be seen as a red flag possibly indicating fraud or other unethical conduct and motivate your answer. Complete the table below: Transaction Red flag: Yes/ No Motivation Describe the audit procedures you would perform to further investigate. Transaction B Describe the factors that can motivate people to commit fraud or the most common causes of fraud by an individual. What are the risks involved and why is this a risk? What control measures should be implemented to reduce each of the identified risks? What control activities should be implemented
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