Research fraud detection risk plans. Describe detection risk as it applies to the misguided use of internal
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Question:
Research fraud detection risk plans.
- Describe detection risk as it applies to the misguided use of internal controls by management to cover up their fraudulent acts.
- Identify the steps taken to determine how one would ascertain the company’s detection risks or devise a method that differs from what you researched that meets the standards set forth by the ACFE2018 Report to the Nations.
Expert Answer:
Answer rating: 100% (QA)
Detection risk is the chance that an auditor will fail to find material misstatements that exist in an entitys financial statements These misstatements may be due to either fraud or error Auditors mak... View the full answer
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