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Unformatted text preview: perpetrate it?'' In this phase, auditing standards should require performance of substantive tests directed at the possibility of fraud, including tests to detect the override of internal controls by management. The tests should be centered on the balance sheet date for balance sheet accounts and throughout the year (including the latest quarter) for income statement accounts. Exercise1-30: An AICPA Fraud Task Force suggest that if a forensic accountant is brought into an audit to conduct a separate investigation (and not an adjunct to an audit), what standards apply? The forensic accountant should apply the AICPA consulting standards....
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- Winter '10
- Forensic Accounting