$10-18($OBJECTIVES $10-2,10-3)$ Th

e following questions address fraud risk factors and the assessment of fraud risk.

a$.$ Which action regarding fraud is an activity related to performance of risk assessment procedures?

$(1)$Document the results of procedures used to address the risk of fraud.

$(2)$Discussions among the engagement team members regarding the risks of material misstatement due to fraud.

$(3)$Consider the characteristics of journal entries, particularly those made near year end.

$(4)$Consider whether estimates prepared and recorded by management could indicate a bias in reporting.