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Not necessarity there are many techniques in auditing and any fraud cannot go unidentified or unnoticed if its audited by a certified auditor as they will have to undergo a training and work under a Qualified Auditor for a few years. They will learn both, how to do a fraud and how to detect them too. A material fraud can be identified very easily.
What else can I help you with?
What are procedures for test of control for audit?
Tests of controls consist of procedures directed toward the evaluation of the effectiveness of the design and implementation of internal controls (AU 319).when tests of controls look at design issues, the auditors evaluates whether the control has been properly designed to prevent or detect material misstatement.The flowing audit procedures are examples of tests of controls: Inquires of appropriate management, supervisor, and staff personnel.Inspection of document, report, and electronic files.Observation of the application of specific Controls.Re performance of the application of the control by the auditors. etc.
What precautions might you use to detect a bogus poll?
By think Criticaly!
What is the purpose of preparing a Control Account?
They check the accuracy of the ledger accounts that they control and help to detect fraud.
Identify and explain the components of audit risk?
Audit risk comprises three main components: inherent risk, control risk, and detection risk. Inherent risk refers to the susceptibility of an assertion to a misstatement due to factors like complexity or volatility, without considering internal controls. Control risk is the risk that a misstatement will not be prevented or detected by the entity's internal controls. Detection risk is the risk that the auditor's procedures will fail to detect a material misstatement, which can arise from insufficient audit evidence or ineffective audit techniques. Together, these components help auditors assess the overall risk of material misstatement in financial statements.
Why is forensic accounting important in your society?
Helps detect fraud in a company or society so that the money wont be easily stolen from the inside
Does the scram bracelet detect inhalants?
The SCRAM bracelet is designed to detect alcohol consumption through the skin. It is not specifically designed to detect inhalants or other substances.
Does an ignition interlock detect marijuana use?
No. Interlock devices are designed to detect alcohol only.
Can alcohol bracelets detect drugs?
Alcohol bracelets are designed to monitor alcohol consumption by detecting the presence of ethanol in the wearer's perspiration. They are not designed to detect drugs.
What sets off alarms?
Whatever the sensor is designed to detect.
What is the chemical used to detect gas leakage?
Helium is generally used; special spectrometers to detect helium leakage are designed.
Does a scram bracelet detect meth?
No. But if you have a SCRAM, you may be tested randomly for drugs and because you have a SCRAM, you are already in trouble and you don't need more.
Can SCRAM device detect marijuana?
The scram can detect t.h.c in the air when your around it. my parole officer asked me if i was smoking marijuana and luckily i wasnt but the moniter detected it.
How do you detect defects deep in a material?
Ultrasonic and X-ray investigations can detect many kinds of defects deep in materials.
Carbon Monoxide alarms are designed to detect which gas?
Carbon Monoxide alarms are designed to detect Carbon Monoxide gas. The gas has no odor or color and is undetectable to humans until the effects have already taken hold.
Does the SCRAM Bracelet detect marijuana use?
No, the SCRAM bracelet is designed to detect alcohol consumption through skin sweat. It does not detect drug use, including marijuana.
What type of wave is the spitzer telescope designed to detect?
Infra red waves
Does superantispyware protect against viruses?
Yes and no. It can detect malware (trojans, worms etc.) but really, it is designed to detect spyware and adware. Hope this helps!
