Read:
Audit vs. Fraud Examination
What’s the Real Difference?
Link : https://www.cpajournal.com/2018/03/05/audit-vs-fraud-examination/
answer EACH the following questions – do not write the question on your response, only the number:
1. What are the key differences between a conventional audit and a fraud examination?
2. To what extent does an auditor of financial statements have a responsibility to detect fraud?
3. What are the key differences between auditors and fraud examiners? discuss at least three.
4. discuss whether or not the following statement is true or false:
“Outside auditors are frequently named as defendants in shareholder suits because they are considered to have deep pockets.”
Cite an article that discusses a shareholder suit filed against a public accounting firm and relate the outcome and court’s rationale to the class.
For all questions, please make sure to cite any authoritative material that supports your assertions.
Article Link:
