Multiple Choice
Which of the following is a specific procedural response to a particular fraud risk in an account balance or class of transactions?
A) Exercising more professional skepticism.
B) Carefully avoiding conducting interviews with people in the fraud-rich areas.
C) Performing procedures such as inventory observation and cash counts on a surprise or unannounced basis.
D) Studying management's selection and application of accounting principles more carefully.
Correct Answer:
Verified
Correct Answer:
Verified
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