medium10 pts · first answer countsaudit-planning

The two presumed fraud risks

Which statement about presumed fraud risks in SA 240 is correct?

A.Both revenue and override fraud risks can be rebutted with reasonsB.Neither presumed risk applies to private limited companiesC.Only override risk exists, and only in listed companiesD.Revenue fraud risk can be rebutted; management override cannot

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The two presumed fraud risks

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