Due to inherent limitations of audit, there is ___________________ that some mis-statements will
_______________
Correct
Incorrect
Question 2 of 30
2. Question
1 points
Category: Auditing & Assurance
Fraud is an intentional act involving use of deception to obtain an unjust advantage and can be
committed by
Correct
Incorrect
Question 3 of 30
3. Question
1 points
Category: Auditing & Assurance
Due to inherent limitations of audit, there is ___________________ that some mis-statements will
_______________
Correct
Incorrect
Question 4 of 30
4. Question
1 points
Category: Auditing & Assurance
Fraud is an intentional act involving use of deception to obtain an unjust advantage and can be
committed by
Correct
Incorrect
Question 5 of 30
5. Question
1 points
Category: Auditing & Assurance
State which of the following statement is not true
Correct
Incorrect
Question 6 of 30
6. Question
1 points
Category: Auditing & Assurance
Where auditor comes across a situation where any misstatement due to fraud or error could exist
then
Correct
Incorrect
Question 7 of 30
7. Question
1 points
Category: Auditing & Assurance
Circumstances relating to possibility of fraud include
Correct
Incorrect
Question 8 of 30
8. Question
1 points
Category: Auditing & Assurance
The management may override the controls in order to take advantage of the situation, whereby,
they may pass false entries in the book, is known as
Correct
Incorrect
Question 9 of 30
9. Question
1 points
Category: Auditing & Assurance
State which of the following statement is misappropriation of assets
Correct
Incorrect
Question 10 of 30
10. Question
1 points
Category: Auditing & Assurance
The accountant receives money from customer 2 but adjust it to customer 1’s account. This process
goes on and at no point of time will the customer balance shown properly, it refers as
Correct
Incorrect
Question 11 of 30
11. Question
1 points
Category: Auditing & Assurance
Which of the following is not likely to be a fraud risk factor relating to management’s
characteristics
Correct
Incorrect
Question 12 of 30
12. Question
1 points
Category: Auditing & Assurance
State which of the following constitutes possibility of fraud
Correct
Incorrect
Question 13 of 30
13. Question
1 points
Category: Auditing & Assurance
Incentive or pressure to commit fraudulent financial reporting exist when
Correct
Incorrect
Question 14 of 30
14. Question
1 points
Category: Auditing & Assurance
A perceived opportunity to commit fraud may exist when
Correct
Incorrect
Question 15 of 30
15. Question
1 points
Category: Auditing & Assurance
Fraudulent financial reporting may be accomplished by _________________
Correct
Incorrect
Question 16 of 30
16. Question
1 points
Category: Auditing & Assurance
Fraud can be committed by management overriding controls using the following techniques. State
which of the following options is correct?
Correct
Incorrect
Question 17 of 30
17. Question
1 points
Category: Auditing & Assurance
Misappropriation of assets is often accompanied by
Correct
Incorrect
Question 18 of 30
18. Question
1 points
Category: Auditing & Assurance
‘Fraud’ deals with _________________ but, ‘error’, on the other hand, refers to _______________ in financial
information
Correct
Incorrect
Question 19 of 30
19. Question
1 points
Category: Auditing & Assurance
Even though the audit is properly planned and performed in accordance with Sass, some material
misstatements of the financial statements will not be detected, this is due to
Correct
Incorrect
Question 20 of 30
20. Question
1 points
Category: Auditing & Assurance
Which of the following statement is not true, in respect of risk factors relating to misstatements
arising from fraudulent financial reporting?
Correct
Incorrect
Question 21 of 30
21. Question
1 points
Category: Auditing & Assurance
Discrepancies in the accounting records, including
Correct
Incorrect
Question 22 of 30
22. Question
1 points
Category: Auditing & Assurance
Conflicting or missing evidence, does not includes
Correct
Incorrect
Question 23 of 30
23. Question
1 points
Category: Auditing & Assurance
Problematic or unusual relationships between the auditor and management, including
Correct
Incorrect
Question 24 of 30
24. Question
1 points
Category: Auditing & Assurance
Which one of the following statements about fraud is correct?
Correct
Incorrect
Question 25 of 30
25. Question
1 points
Category: Auditing & Assurance
Which one of the following does not necessarily constitute fraud?
Correct
Incorrect
Question 26 of 30
26. Question
1 points
Category: Auditing & Assurance
Which of the following fraudulent activities constitutes misappropriation of assets?
Correct
Incorrect
Question 27 of 30
27. Question
1 points
Category: Auditing & Assurance
Which one of the following does not constitute an appropriate audit planning procedure that the
auditor should employ relating to the risk of fraud?
Correct
Incorrect
Question 28 of 30
28. Question
1 points
Category: Auditing & Assurance
When planning the audit, the auditor must take enquiries of management. Which one of the
following is not an appropriate enquiry of management about fraud?
Correct
Incorrect
Question 29 of 30
29. Question
1 points
Category: Auditing & Assurance
With respect to financial statement fraud, which one of the following statements is not correct?
Correct
Incorrect
Question 30 of 30
30. Question
1 points
Category: Auditing & Assurance
Which of the following SA deals with auditor’s responsibility to consider law and regulation in an
audit of financial statements
Correct
Incorrect
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