1- Identify factors that would be indicators of opportunities to commit fraud. How do auditors identify fraud risk factors at the beginning of the audit?
2- The control environment is often referred to as the â€œtone of the topâ€. Why is the â€œtone at the topâ€ so important.
3- You are investigating a company to determine its acceptability as a new audit client. You learn that the accounting staff at this entity is â€œoverworkedâ€. What concerns, if any, would this raise?. What about if you learn that this potential client has a high turnover rate of employees in top accounting positions?