Please answer both 1&2

Spring 2018 11:00 class Chapter 2 1. Consider the following statements: I. An example of fraudulent financial reporting is the controller's theft of millions of dollars of the company's assets. ccording to professional audit standards, the audit team should assemble early in the planning stage of an audit to conduct a fraud "brainstorming" session in order to determine the types of fraud that may occur with that have a high risk client. a. I is true; Il is true b. I is true; Il is false c. I is false; Il is true d. I is false; Il is false 2. Consider the following statements: I. Management can use journal entries to commit fraud because general journal entries are not reviewed by auditors. Il. Generally Acccepted Accounting Principles require questioning management, and corroborating management's responses a. I is true; Il is true b. I is true; II is false c. I is false; Il is true d. I is false; Il is false