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SOFE Exam SOFA-CFE Topic 8 Question 107 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 107
Topic #: 8
[All SOFA-CFE Questions]

Which type of misstatements are considered relevant fro audit purpose?

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Suggested Answer: C

by Goldie at Feb 09, 2025, 09:58 AM

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Buddy
25 days ago
I'm not sure, but I think misstatements from fraudulent financial reporting are more relevant for audit purposes.
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Gwenn
26 days ago
I agree with Shenika, misstatements from both fraudulent financial reporting and misappropriation of assets should be considered.
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France
28 days ago
Hmm, I'd have to go with C. Nothing like a little financial malfeasance to spice up an audit. It's like a real-life episode of 'Forensic Accountants: Uncovering the Lies'.
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Cyndy
I agree, both types of misstatements are definitely relevant for audit purposes.
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Cruz
1 months ago
Definitely C. Auditors love a good ol' fashioned financial statement shenanigan, whether it's cooking the books or sticky fingers. Gotta catch 'em all!
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Ernie
2 days ago
Auditors need to be thorough in their examination of financial statements to detect any potential shenanigans.
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Ricarda
6 days ago
It's important for auditors to be on the lookout for any signs of fraudulent financial reporting or misappropriation of assets.
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Wilford
12 days ago
I agree, both types of misstatements are relevant for audit purposes.
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Shenika
1 months ago
I think both A and B are relevant for audit purposes.
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An
1 months ago
Of course both A and B are relevant for audit purposes! Fraud and asset misappropriation are the juiciest parts of any audit. Bring on the drama, I say!
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Marguerita
1 months ago
C) Both A and B
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Annice
1 months ago
A) Misstatements arising from fraudulent financial reporting
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