1) Perform the Fraud Triangle Assessment (Rationalization, opportunity, and pressures). For each, please provide a detailed explanation using facts from the case and your own interpretation. In addition, in your opinion, how could have the auditors uncover the fraud?

2) Per the case, the auditors performed audit procedures over receivables by sending confirmations but failed to properly perform alternative procedures. Aside from the alternative procedures, what can an auditor do to assess the reliability of the confirmation response? (Please provide detail from the standard and specific procedures).

Answer rating: 100% (QA)

Answer 1 i The phrase opportunity refers to the circumstances that allow fraud to occur It is the on... View the full answer