hard20 pts · first answer countsaudit-planning

A tiny misstatement caused by fraud

You find a ₹30,000 misstatement, below the clearly trivial level, but it was caused by a senior manager falsifying expense claims. How should it be treated?

A.Ignore it, because it is below the clearly trivial thresholdB.Record it only in the summary of uncorrected misstatementsC.Ask management to adjust it and then close the matterD.Treat it as significant: management fraud has wider implications

Discussion 0

Join free to post in the discussion.

A tiny misstatement caused by fraud

Discussion 0

Related questions