Auditing and Fraud

Question or Hint Answer or Word
  1. Which of the following is not an audit type? (wrong answers: Financial, Operational, Compliance, External)
  2. Which of the following is not an audit assertion? (wrong answers: Existence, Completeness, Cut-off, Re-computation, Classification)
  3. Which of the following is not a component of the audit risk model? Corrective Risk (wrong answers: Inherent Risk, Corrective Risk, Detection Risk)
  4. Which of the following is an audit risk? (wrong answers: Unqualified opinion on materially misstated financial statements, Loss of customers, Cash flow problems, Litigations and claims, unqualified opinion on materially misstated financial statements, Loss of customers)

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