
Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206
Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206 Exercise 23
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.
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.
Explanation
The probability of occurrence of an even...
Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
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