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Komok [63]
2 years ago
14

Factors related to the susceptibility of accounts to misstatement or fraud include?

Business
1 answer:
Vitek1552 [10]2 years ago
6 0

Factors related to the susceptibility of accounts to misstatement or fraud include the Size of the account balance and the volume of transactions.

A fraud risk factor is an event or condition that: (1) shows rationalizations or attitudes that justify wrongdoing; (2) Demonstrates motivation or pressure to commit fraud; or (3) provides an opportunity to commit fraud.

From the auditor's perspective, the three components of audit risk are inherent risk, control risk, and detection risk.

Inherent risk refers to the vulnerability of a statement to susceptibility misrepresentation due to error or fraud that, individually or in combination with other misrepresentations, could be material before appropriate controls are applied. increase.

Learn more about susceptibility at

brainly.com/question/28169324

#SPJ4

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During the year, Hamlet Inc. paid $ 26,000 to have bond certificates printed and engraved, paid $ 110,000 in legal fees, paid $
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Data provided

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