(a)    For each of the above matters, identify the accounts – balance sheet and income statement – that would potentially be affected by fraud. Briefly explain your reasoning (300-350 words)

Present your response in the following table format:

Matter/ Accounts/ Reasoning

(b)   Discuss the incentives, pressures and opportunities to commit financial report fraud, and attitudes and rationalisations to justify a fraud in each of the above matters (500-550 words).

Question 2:

For this question you are required to identify and explain how each matter is a fraud risk factor in relation to the audit of Hot Line (500-550 words).

Present your solution in the following table format:

Matter/ Fraud risk/ Explanation

Question 3:

For this question you are required to recommend an internal control that will mitigate the risks of fraud (300-350 words).

Present your solution in the following table format:

Matter/ Fraud Risk/ Recommended Internal Control

Source: adapted from the CA Program’s Audit & assurance exam, 2013

Read less