Multiple Choice
Which of the following is not required by AU-C 240, "Consideration of Fraud in a Financial Statement Audit"?
A) Conduct a continuing assessment of the risks of material misstatement due to fraud throughout the audit.
B) Conduct a discussion by the audit team of the risks of material misstatement due to fraud.
C) Conduct the audit with professional skepticism, which includes an attitude that assumes balances are incorrect until verified by the auditor.
D) Conduct inquiries of shareholders as to their views about the risks of fraud and their knowledge of any fraud or suspected fraud.
Correct Answer:
Verified
Correct Answer:
Verified
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