The ten step audit process is a systematic approach to ensure that every audit engagement considers the possibility of fraud and how fraud might occur.

Required
a. Identify the ten steps in the process and the decisions the auditor makes at the end of each step. Identify the key pieces of information the auditor needs to gather for each step in the process.
b. If fraud risk is high, the audit needs to be conducted with increased “skepticism.” How does the auditor introduce great skepticism into the audit?
c. It is suggested that the auditor review all major journal entries. Why does the auditor need to perform such a review? Are journal entries unusual?