Acc574 week 4 midterm Study guides, Class notes & Summaries
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ACCT 574/ ACC574 Week 4 Midterm (HIGHLIGHTED CORRECT ANSWERS)
- Exam (elaborations) • 11 pages • 2020
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ACCT 574 Week 4 Midterm Exam
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1. Question : (TCO A) Which statement is false?
Student Answer: The Public Oversight Board suggested an attitudinal shift in an auditor's
degree of skepticism.
 If a forensic accountant conducts a separate fraud investigation, he
or she must follow consulting standards.
 In the early 1980s, changed auditing standards resulted in less
reliance on internal controls.
 The Public Oversight Board's report occurred before the SarbanesOxley Act.
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