acct612 week 5 discussion latest 2016 august

Week 5 discussion

Audit Risk Model

How do auditors use the audit risk model to determine how much work they will perform on the audit? Provide a description of each component of the risk model and how changes in the values for each component may affect the auditor’s level of effort in the audit.

Audit LD Step 1

Please use this forum to discuss Step 1 of the Learning Demonstration.

Employee Fraud

The book presents several warning signals for employee fraud, mostly based on personal characteristics. It also indicates that fraudsters share some common characteristics. Think back about a fraud example that you were aware of. Did the people committing the fraud have these characteristics? If you don't agree and think fraudsters are nontraditional and have nothing in common, how can they be discovered?