Question 1: Please respond the below statement. 200 words and reference
This week's forum has us looking at an auditor's responsibility in detecting fraud. We all know that fraud is illegal and occurs more often than not in the financial statements of the business being audited
Question 2: Please respond the below statement. 200 words and reference
In an audit engagement, the auditor's responsibility with regards to detecting fraud is limited.
Question 3: Forensic Accounting
Words - According to the question
The auditor is responsible to maintain professional skepticism during the course of audit. The term means that the auditor is responsible to identify the material misstatement due to fraud. Also, the auditor is expected to accept only those records which it considers to be genuine.
What is involved in professional skepticism? Anyone?
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