Solution-What would the auditor not be required to ask

What would the auditor not be required to ask management

Reference no: EM132716338

Problem 1: In accordance with CAS 240, when an auditor is inquiring about the risk of fraud and errors, what would the auditor not be required to ask management about?

Multiple Choice

Option 1: Management's communication, if any, to those charged with governance regarding its processes for identifying and responding to the risks of fraud in the entity

Option 2: Management's assessment of the risk that the financial statements may be materially misstated due to fraud, including the nature, extent, and frequency of such assessments

Option 3: Management's process for identifying and responding to the risks of fraud in the entity, including any specific risks of fraud that management has identified or that have been brought to its attention, or classes of transactions, account balances, or disclosures for which a risk of fraud is likely to exist

Option 4: Management's direct involvement in fraudulent activities during the current reporting period

Reference no: EM132716338

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What would the auditor not be required to ask management

Reference no: EM132716338

Reference no: EM132716338

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