Fraud (3) Flashcards
Enquiries of management (governance)
Management’s communication for those charged with governance in respect of its process for identifying and responding to the risk of fraud
Enquiries of management (employees)
Management’s communication to employees regarding its views on business practices and ethical behaviour
Enquiries of management (knowledge)
Knowledge of any actual, suspected or alleged fraud
Risk assessment procedures to obtain information in identifying risks of material misstatement due to fraud should contain the following (internal audit)
Enquiries of internal audit for knowledge of any actual, suspected or alleged fraudm and its views on risks of fraud
Risk assessment procedures to obtain information in identifying risks of material misstatement due to fraud should contain the following (governance)
Obtaining understanding on how those charged with governance oversee management’s processes for identifying and responding to risk of fraud
Risk assessment procedures to obtain information in identifying risks of material misstatement due to fraud should contain the following (Enquiries)
Enquiries of those charged with governance for knowledge of any actual, suspected or alleged fraud
Risk assessment procedures to obtain information in identifying risks of material misstatement due to fraud should contain the following (analytical procedures)
Evaluating whether any unusual relationships have been identified in perofmring analytical procedures that may indicate risk of material misstatement due to fraud
Risk assessment procedures to obtain information in identifying risks of material misstatement due to fraud should contain the following (other information)
Consider whether any other informaiton may indicate risk of material misstatement due to fraud
Risk assessment procedures to obtain information in identifying risks of material misstatement due to fraud should contain the following (fraud risk)
Evaluating whether any fraud risk factors ar epresent
