Which of the following is not required when considering fraud in a financial statement audit?
a. Conduct a continuing assessment of the risks of material misstatement due to fraud throughout the audit.
b. Conduct an audit team discussion of the risk of material misstatement due to fraud.
c. Conduct the audit with professional skepticism, which includes an attitude that assumes balances are incorrect until documented by the auditor.
d. Inquire of the audit committee as to their views about the risks of fraud and their knowledge of any fraud or suspected fraud.
Answer: C
CPA Exam
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