Only Solve all three question otherwise don't solve it Recomendations for fraud detection are included in SAS 99 (AU 316, and nowPCAOB AS 2401). Which of the following recomendations does the AICPA considerto mainly within the purview of the CPA?1) Brainstroming risks of fraud.O2) Increased professional skepticism.3) Discussions with management.4) Responding to managment override of controls.5) Use of unpredictable audit tests-surprise procedures. Public companies in the US are required by SOX to have a forensic audit every 3-5years.1) True.2) False.The FCPA companies that are listed on a stock exchange in the US from payingbribes to foreign government official the purpose of obtaining or retaining business.1) True.2) False.

Answer:- AICPA meaning:- In the United States, certified public accountants (CAPs) are represented…

Public companies in the US are required by SOX to have a forensic audit every 3-5 years. 1) True. 2) False. The FCPA companies that are listed on a stock exchange in the US from paying bribes to foreign government official the purpose of obtaining or retaining business. 1) True. 2) False.

Public companies in the US are required by SOX to have a forensic audit every 3-5 years. 1) True. 2) False. The FCPA companies that are listed on a stock exchange in the US from paying bribes to foreign government official the purpose of obtaining or retaining business. 1) True. 2) False.

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter5: Ethical Responsibilities Of Independent Auditors

Section5.4: Ipoc International Growth Fund, Ltd.

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Question

Only Solve all three question otherwise don't solve it

Recomendations for fraud detection are included in SAS 99 (AU 316, and now
PCAOB AS 2401). Which of the following recomendations does the AICPA consider
to mainly within the purview of the CPA?
1) Brainstroming risks of fraud.
O2) Increased professional skepticism.
3) Discussions with management.
4) Responding to managment override of controls.
5) Use of unpredictable audit tests-surprise procedures.

Public companies in the US are required by SOX to have a forensic audit every 3-5
years.
1) True.
2) False.
The FCPA companies that are listed on a stock exchange in the US from paying
bribes to foreign government official the purpose of obtaining or retaining business.
1) True.
2) False.

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