AP Notes, Outlines, Study Guides, Vocabulary, Practice Exams and more!

Chapter 4 - Detecting Fraud in Financial Reporting Flashcards

Primary tabs

Terms : Hide Images
2693947494Control riskrisk that a material error is the balance or transaction class will no be prevented or detected0
2693948294Inherent riskis the risk that an account or transactions contain material misstatements before the effects of the controls1
2693948619Detection riskrisk that audit procedures will not run up material error when it exists2
2693970417perpetuateto cause (something that should be stopped, such as a mistaken idea or a bad situation) to continue3
2693970966SASStatement on Auditing Standard issued by AICPA4
2693976450PCAOPPublic Company Accounting Oversight Board created by SOX5
Powered by Quizlet.com

Need Help?

We hope your visit has been a productive one. If you're having any problems, or would like to give some feedback, we'd love to hear from you.

For general help, questions, and suggestions, try our dedicated support forums.

If you need to contact the Course-Notes.Org web experience team, please use our contact form.

Need Notes?

While we strive to provide the most comprehensive notes for as many high school textbooks as possible, there are certainly going to be some that we miss. Drop us a note and let us know which textbooks you need. Be sure to include which edition of the textbook you are using! If we see enough demand, we'll do whatever we can to get those notes up on the site for you!