Читать книгу Wiley Practitioner's Guide to GAAS 2020 - Joanne M. Flood - Страница 101

Fraud risk factors may come to the auditor’s attention while performing procedures relating to acceptance or continuance of clients, during engagement planning or obtaining an understanding of an entity’s internal control, or while conducting fieldwork. Accordingly, the assessment of the risk of material misstatement due to fraud is a cumulative process that includes a consideration of risk factors individually and in combination. As noted earlier, assessment of fraud risk factors is not a simple matter of counting the factors present and converting the result to a level of fraud risk. A few risk factors or even a single risk factor may heighten the risk of fraud significantly.