When auditing with fraud awareness, auditors should especially notice and review employee activities under which of these

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When auditing with “fraud awareness,” auditors should especially notice and review employee activities under which of these conditions?
a. The company always estimates the inventory but never takes a complete physical count.
b. The petty cash box is always locked in the desk of the custodian.
c. Management has published a company code of ethics and sends frequent communication newsletters about it.
d. The board of directors reviews and approves all investment transactions.

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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