Which of the following characteristics most likely would heighten an auditors concern about the risk?

Q: Which characteristic would concern an auditor about the risk of material misstatements?

Due to the characteristics of fraud, the auditors attitude of professional skepticism is particularly important when considering the risks of material misstatement due to fraud. Professional skepticism is an attitude that includes a questioning mind and a critical assessment of audit evidence.

Request Answer

Inhaltsverzeichnis Show

Related questions
Which of the following characteristics most likely would heighten an auditor's concern about the risk?
Which characteristics would concern an auditor about the risk?
Which characteristic would concern an auditor about the risk of material misstatements?
Which of the following factors would an auditor least likely consider when assessing the inherent risk associated with client sales transactions?

by asked Nov 2, 2021 21 views

Which of the following characteristics most
likely would heighten an auditor’s concern
about the risk of intentional manipulation of
financial statements?
a. Turnover of senior accounting personnel
is low.
b. Insiders recently purchased additional
shares of the entity’s stock.
c. Management places substantial
emphasis on meeting earnings
projections.
d. The rate of change in the entity’s
industry is slow.

by shubhhw asked Nov 3, 2021 68 views

Which of the following factors most likely would heighten an auditor's concern about the risk of fraudulent financial reporting? a. Large amounts of liquid assets that are easily ... of accounting principles. d. An overly complex organizational structure involving unusual lines of authority.
Last Answer : An overly complex organizational structure involving unusual lines of authority....

by shubhhw asked Nov 1, 2021 8 views

The auditor's understanding of the entity and its environment consists of an understanding of the following aspects except a. Industry, regulatory, and other external factors, including the ... financial performance. d. Entity's selection and screening process of marketing and production personnel.
Last Answer : Entity's selection and screening process of marketing and production personnel....

by shubhhw asked Nov 3, 2021 20 views

Which of the following is most likely to be considered a risk factor relating to fraudulent financial reporting? a. Low turnover of senior management. b. Extreme degree of competition within the ... various operating subsidiaries. d. Sales goals in excess of any of the preceding three years
Last Answer : Extreme degree of competition within the industry....

by shubhhw asked Nov 1, 2021 17 views

The auditor's understanding of the entity and its environment consists an understanding of the following aspects: a. Industry, regulatory and other external factors, including the applicable financial reporting ... may result in a material misstatement of the financial statements d. All of these.
Last Answer : All of these....

by shubhhw asked Nov 1, 2021 26 views

Which of the following factors most likely would influence an auditor's determination of the auditability of an entity's financial statements? a. The complexity of the accounting system. b. The ... c. The adequacy of the accounting records. d. The operating effectiveness of control procedures.
Last Answer : The adequacy of the accounting records....

Home
Cpa Exam
Auditing and Attestation
Which of the following characteristics most likely would heighten an auditor’s concern about the risk of material misstatements arising from fraudulent financial reporting?

Management displays a significant disregard for regulatory authorities.
There is a lack of turnover of employees in the accounting department.
Monthly bank reconciliations usually include several deposits in transit.
Equipment is usually sold at a loss before being fully depreciated.

Which of the following characteristics most likely would heighten an auditor's concern about the risk?

Which of the following characteristics most likely would heighten an auditor's concern about the risk of intentional manipulation of financial statements? Management places substantial emphasis on meeting earnings projections. Which of the following is a misappropriation of assets?

Which characteristics would concern an auditor about the risk?

In risk assessment, auditors consider the following risks:.

Fraud risk. ... .

Economic, accounting risk, or other developmental risks. ... .

Complex transactions. ... .

Significant transactions with related parties. ... .

Degree of subjectivity in measurement..

Non-routine transactions..

Which characteristic would concern an auditor about the risk of material misstatements?

Due to the characteristics of fraud, the auditor's attitude of professional skepticism is particularly important when considering the risks of material misstatement due to fraud. Professional skepticism is an attitude that includes a questioning mind and a critical assessment of audit evidence.

Which of the following factors would an auditor least likely consider when assessing the inherent risk associated with client sales transactions?

Which of the following factors would an auditor least likely consider when assessing the inherent risk associated with sales transactions? The nature of the credit authorization process.

Which of the following characteristics most likely would heighten an auditors concern about the risk?

Which of the following characteristics most likely would heighten an auditor's concern about the risk?

Which characteristics would concern an auditor about the risk?

Which characteristic would concern an auditor about the risk of material misstatements?

Which of the following factors would an auditor least likely consider when assessing the inherent risk associated with client sales transactions?

zusammenhängende Posts

Which of the following characteristics most likely would heighten an auditors concern about the risk of material misstatements in an entitys financial statements?

Which qualitative characteristic is reflected when it is said that accounting information should be verifiable ?

Which qualitative characteristics of accounting information is reflected when user of information is able to depend on the information?

What are the enhancing qualities of the qualitative characteristics What is the role of enhancing qualities in the conceptual framework *?

Which of the following qualitative characteristics make financial statement information useful relevance understandability reliability all of the above?

Werbung

NEUESTEN NACHRICHTEN

Which incentive plans are specifically designed to promote group performance

According to the flsa, which individual is most likely a nonexempt employee?

Reactive and protective behaviors designed to avoid action, blame, or change are termed ________.

The machiavellian personality is characterized by the will to manipulate and the desire for power.

Ist ein mann in brunn gefallen noten

Which of the following biometric authentication systems is the most accepted by users?

Was ist der Unterschied zwischen Hanf und CBD?

Wie viele noten braucht man für eine zeugnisnote sachsen-anhalt

Wie fühlt man sich wenn man schwanger ist am anfang

Kann man Basaltemperatur auch tagsüber Messen?

Werbung

Populer

Werbung

Um

Legal

Hilfe

Sozial

Which of the following characteristics most likely would heighten an auditors concern about the risk?

Related questions

Which of the following characteristics most likely would heighten an auditor's concern about the risk?

Which characteristics would concern an auditor about the risk?

Which characteristic would concern an auditor about the risk of material misstatements?

Which of the following factors would an auditor least likely consider when assessing the inherent risk associated with client sales transactions?

zusammenhängende Posts

Werbung

NEUESTEN NACHRICHTEN

Werbung

Populer

Werbung

Um

Legal

Hilfe

Sozial