According to professional audit standards, how might an understanding of the nature of fraud that may occur in the client organization be identified by an audit firm?
a. Fraud training courses from actual corporate fraud ex-criminals.
b. Conducting a brainstorming session with the members of the audit team.
c. Circulating a survey to the client company employees for completion.
d. Discussions with other audit firms.
b
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The perception that a brand is different and better is called:
A) brand equity B) brand parity C) flanker branding D) the private label advantage
In developing countries, such as Ghana, the best way to communicate with market segments may be through:
A) mass media. B) written word. C) magazine ads. D) TV ads. E) dance, songs, and storytelling.
Which of the following are true regarding the Financial Accounting Standards Board (FASB)?
a. The FASB includes ten members, each serving a term of three years. b. Each member of the FASB must be a Certified Public Accountant. c. There must be no conflict between the FASB members’ private interest and the public interest. d. All of the above are true.
The Ethic of Care is
a. A set of rules that explain how to prioritize those people affected by a decision so that a utilitarian analysis can be done successfully. b. A set of universal principles, which applied evenly to all decisions will result in fairness and equity in ethical decisions. c. The idea that we should all make decisions under the assumption that we don't know our station in life, that we could be the person most negatively impacted by the decision. d. A set of principles that encourage decision makers to look at human relationships as a primary motivator for a decision.