Santa Monica College Auditor Responsibility Regarding Fraud Risk Discussion

Question Description

please answer to the questions related to the auditing. I’m gonna attach my professor slides . one small paragraph is enough for each question please make them separate.

1) What is the auditors responsibility regarding fraud risk?

2) What is the purpose of performing preliminary analytical procedures in audit planning?

3)What is the purpose of an audit strategy memorandum? What information should it contain?

4) What are some of the methods and sources of information you would utilize for understanding a clients business and industry?

5)identify a category of fraud risk factors. Next, for this category, what are some of the conditions that can help contribute to a higher likelihood of financial statement fraud?

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