Forensic Auditing – NBC Institute

AAA – Nov 2013 – L3 – A – Q8 – Forensic Auditing

This question assesses knowledge of the terms of reference that should be agreed upon by the investigating accountant with the client.

Question

The terms of reference to be agreed by the investigating accountant with the client before commencement of work do NOT include the
A. Organisational and management structure of the entity to be investigated
B. Purpose of the investigation
C. Basis on which fees will be charged
D. General scope of work to be covered
E. Time within which the assignment will be carried out

Answer

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Tags: Client Agreement, Forensic Auditing, Investigation, Terms of Reference
Level: Level 3

Topic: Forensic Auditing
Series: NOV 2012

AAA – Nov 2012 – L3 – SA – Q17 – Forensic Auditing

Identifying inappropriate actions for material fraud detected in a banking audit.

Question

Which of the following actions is inappropriate to a material fraud detected during an audit of a banking institution?

A. Discuss the matter with at least one level of management above the perpetrators
B. Obtain further evidence
C. Mention it in the audit report
D. Suggest that the client consults with legal counsel about questions of law
E. Report the matter directly to the police

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Audit, Forensic Auditing, Fraud Detection, Material Fraud, Reporting Procedures
Level: Level 3

Topic: Forensic Auditing
Series: NOV 2012

AAA – Nov 2013 – L3 – A – Q8 – Forensic Auditing

This question assesses knowledge of the terms of reference that should be agreed upon by the investigating accountant with the client.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Client Agreement, Forensic Auditing, Investigation, Terms of Reference
Level: Level 3

Topic: Forensic Auditing
Series: NOV 2012

AAA – Nov 2012 – L3 – SA – Q17 – Forensic Auditing

Identifying inappropriate actions for material fraud detected in a banking audit.

Question

Which of the following actions is inappropriate to a material fraud detected during an audit of a banking institution?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Audit, Forensic Auditing, Fraud Detection, Material Fraud, Reporting Procedures
Level: Level 3

Topic: Forensic Auditing
Series: NOV 2012

Question Tag: Forensic Auditing

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AAA – Nov 2013 – L3 – A – Q8 – Forensic Auditing

This question assesses knowledge of the terms of reference that should be agreed upon by the investigating accountant with the client.

AAA – Nov 2012 – L3 – SA – Q17 – Forensic Auditing

Identifying inappropriate actions for material fraud detected in a banking audit.

AAA – Nov 2013 – L3 – A – Q8 – Forensic Auditing

This question assesses knowledge of the terms of reference that should be agreed upon by the investigating accountant with the client.

AAA – Nov 2012 – L3 – SA – Q17 – Forensic Auditing

Identifying inappropriate actions for material fraud detected in a banking audit.

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AAA – Nov 2013 – L3 – A – Q8 – Forensic Auditing

This question assesses knowledge of the terms of reference that should be agreed upon by the investigating accountant with the client.

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AAA – Nov 2012 – L3 – SA – Q17 – Forensic Auditing

Identifying inappropriate actions for material fraud detected in a banking audit.

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AAA – Nov 2013 – L3 – A – Q8 – Forensic Auditing

This question assesses knowledge of the terms of reference that should be agreed upon by the investigating accountant with the client.

You're reporting an error for "AAA – Nov 2013 – L3 – A – Q8 – Forensic Auditing"

AAA – Nov 2012 – L3 – SA – Q17 – Forensic Auditing

Identifying inappropriate actions for material fraud detected in a banking audit.

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