What is the primary objective of the fraud brainstorming session? a. Determine audit risk and materiality. b.
Question:
a. Determine audit risk and materiality.
b. Identify whether analytical procedures should be applied to the revenue accounts.
c. Assess the potential for material misstatement due to fraud.
d. Determine whether the planned procedures in the audit plan will satisfy the general audit objectives.
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a Incorrect The fraud brainstorming session is primarily focused on fraud risk assessment which is t...View the full answer
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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