American Bankers Association Exam CTFA Topic 4 Question 82 Discussion

Actual exam question for American Bankers Association's CTFA exam

Question #: 82
Topic #: 4

[All CTFA Questions]

Which are the types of misstatements relevant to the auditor's consideration of fraud in a financial statement audit?

AMisstatements arising from fraudulent financial reporting

BMisstatements arising from misappropriations of assets

CBoth A & B

DNeither A nor B

Show Suggested Answer

Suggested Answer: B

by Jutta at Dec 05, 2024, 07:06 AM

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3 days ago

I agree with Alysa, misstatements can arise from both fraudulent financial reporting and misappropriations of assets.

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4 days ago

I think the types of misstatements relevant to fraud are both A & B.

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