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Which of the following should Peter do with regard to these findings?
During an external audit of an organization's financial statements. Peter, the external auditor, uncovers significant internal control deficiencies at the audit client's organization. He believes these deficiencies could result in a material misstatement of the financial statements. Which of the following should Peter do with regard to these findings?A ....
Which of the following statements is TRUE regarding how fraud examiners should exercise professional skepticism during a fraud examination engagement?
Which of the following statements is TRUE regarding how fraud examiners should exercise professional skepticism during a fraud examination engagement?A . Professional skepticism means beginning all assignments with the belief that something is amiss. B. Professional skepticism involves maintaining a mindset that no fraud has occurred C. Fraud examiners should...
Which of the following is TRUE regarding the auditor's consideration of fraud during this engagement?
A government auditor is conducting a financial statement audit of a public-sector entity in accordance with the International Standards of Supreme Audit Institutions (ISSAI). Which of the following is TRUE regarding the auditor's consideration of fraud during this engagement?A . In addition to fraud, the auditor should remain alert to...
Which of the following Is FALSE regarding a fraud risk assessment?
Which of the following Is FALSE regarding a fraud risk assessment?A . The assessment team should consider how employees behave as part of Its assessment B. The assessment should be used to improve employee fraud awareness. C. The designation of an area as being high risk does not conclusively mean...
Which of the following theories suggests that, when considering the possibility of violating a law. people are likely to ask themselves. "What will my spouse think if they find out?"
Which of the following theories suggests that, when considering the possibility of violating a law. people are likely to ask themselves. "What will my spouse think if they find out?"A . Social control theory B. Operant theory C. Cognitive theory D. Behavioral theoryView AnswerAnswer: A
According to Silk and Vogel's research, business leaders rationalize legal violations by asserting that compliance with government regulations is too costly and cuts too heavily into company profits.
According to Silk and Vogel's research, business leaders rationalize legal violations by asserting that compliance with government regulations is too costly and cuts too heavily into company profits.A . True B. FalseView AnswerAnswer: A
In the area of criminological theory, compliance is the theory that tries to prevent crime by providing economic incentives for voluntary conformity to the laws and using administrative efforts to control violations before they occur.
In the area of criminological theory, compliance is the theory that tries to prevent crime by providing economic incentives for voluntary conformity to the laws and using administrative efforts to control violations before they occur.A . True B. FalseView AnswerAnswer: B
Employee support programs are a fraud prevention mechanism that addresses which leg of the Fraud Triangle
Employee support programs are a fraud prevention mechanism that addresses which leg of the Fraud TriangleA . Rationalization B. Lack of integrity C. Opportunity D. PressureView AnswerAnswer: D
Which of the following is NOT included in G20/OECD Principles of Corporate Governance (the Principles)?
Which of the following is NOT included in G20/OECD Principles of Corporate Governance (the Principles)?A . Guidance regarding appropriate board structures, responsibilities, and procedures B. Support for establishing stronger protection for foreign shareholders than for domestic shareholders C. A request that governments have in place an appropriate framework to support...
Which of the following statements is FALSE regarding an organization's fraud risk management program?
Which of the following statements is FALSE regarding an organization's fraud risk management program?A . The program must include mechanisms to monitor and identify breaches in compliance. B. The responsibility of handling suspected incidents of noncompliance should be delegated to someone outside of the company. C. Formal sanctions for intentional...
