Red flags and Indicators (of the shenanigan) that forensic accountants should look for to uncover it

Explain why auditing is important in lowering the risk associated with information.

Explain the threats to professional skepticism that might influence audit judgment.

Audit tests and fraud?

what is your answer? for this accounting question

Why is professional skepticism important when completing an audit? Please explain.

How can an auditor reduce a client’s inherent risk?

Why do you think audit firms are willing to accept high-risk clients?

It's important to explain what lapping is and how an auditor may find it. When should the auditor put in extra effort to detect instances of lapping?

Which of the following is not a principle relating to risk assessment? a. Identifies and analyses risks and respond to changes b. Designing the information systems c. Specifies objectives with sufficient clarity d. Considers the potential for fraud in assessing risks