In which stage do auditors have a good chance of detecting fraud, if the audit samples include altered documents and miscounts?
a. Theft act
b. Concealment
c. Conversion
d. Layering
b
FEEDBACK: a. Incorrect. Coworkers, managers, and other employees are usually in the best position to detect fraud in the theft act stage.
b. Correct.
c. Incorrect. At the conversion stage, auditors are definitely not in the best position to detect fraud.
d. Incorrect. This is not a stage.
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