Multiple Choice
Which one of the following is an indicator that may indicate an increased risk of illegal acts?
A) failures to file income tax returns
B) authorized transactions
C) inquiries by governmental agencies
D) a substantial number of reclassifications
E) the presence of obsolete items in inventory
Correct Answer:
Verified
Correct Answer:
Verified
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Q5: SAS 54 lists a number of items
Q6: In the opinion paragraph of the standard
Q7: Auditing is based on the assumption that
Q8: The third general standard requires the auditor
Q10: The ten generally accepted auditing standards are
Q11: Which of the following organizations does the
Q12: In the standard audit report, the auditor's
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