Question: In 2002 the AICPA issued Statement on Auditing Standards (SAS) 99: Consideration of Fraud in a Financial Statement Audit.
For this activity, you must choose to answer TWO of the following four questions.
Question 1 - What is the Audit Committee's role in detecting fraud in financial reporting?
Question 2 - What is the Management's role in detecting fraud in financial reporting?
Question 3 - Name at least four characteristics of an occupational fraudster. Explain each characteristic.
Question 4 - Name at least four fraud schemes and explain each one.