Chapter 4 - Detecting Fraud in Financial Reporting Flashcards
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| 2693947494 | Control risk | risk that a material error is the balance or transaction class will no be prevented or detected | 0 | |
| 2693948294 | Inherent risk | is the risk that an account or transactions contain material misstatements before the effects of the controls | 1 | |
| 2693948619 | Detection risk | risk that audit procedures will not run up material error when it exists | 2 | |
| 2693970417 | perpetuate | to cause (something that should be stopped, such as a mistaken idea or a bad situation) to continue | 3 | |
| 2693970966 | SAS | Statement on Auditing Standard issued by AICPA | 4 | |
| 2693976450 | PCAOP | Public Company Accounting Oversight Board created by SOX | 5 |