Question: What audit step would be most appropriate for finding accounts reeeivables fraud? a. A bank reconeiliation audit. b Gross profit analysis. d. Surprise cash counts.

 What audit step would be most appropriate for finding accounts reeeivables

What audit step would be most appropriate for finding accounts reeeivables fraud? a. A bank reconeiliation audit. b Gross profit analysis. d. Surprise cash counts. e. All of the above. Which factor would not indicate a fraud warning sign for not-for-profit organizations? a. ". Increase in amount owed to creditors. T i 4' 3 , of key ratio c. Expense accounts are decreasing. d.N e. Regular deferral of capital expenditures. premiums. Forensic accountants should compare travel and expense vouchers to employment records and tax records in order to find: a. Kiting schemes. b. Lapping. o. Layering schemes. e. All of the above. What audit procedures would not be highly effective for detecting fraud in the sales and a.Ascertain appropriate segregation of duties b. Review monthly bank reconciliations. Verify accounts receivable balances. d. Obscrve the actual distribution of payroll checks to employees. e. None of the above

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