When comparing the auditors responsibility for

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52.When comparing the auditor's responsibility for detecting employee fraud and for detecting errors, the profession has placed the responsibilitya.more on discovering errors than employee fraud.b.more on discovering employee fraud than errors.c.equally on discovering either one.d.on the senior auditor for detecting errors and on the manager for detecting employee fraud.
53.Should the auditor uncover circumstances during the audit that may cause suspicions of management fraud, the auditor must
54.Which of the following statements is true?
55.Which of the following statements is not correct?
56.The primary difference between an audit of the balance sheet and an audit of the income statement lies in the fact that the audit of the income statement deals with the verification ofa.transactions.b.authorizations.c.costs.d.cutoffs.57.The auditor's evaluation of the likelihood of material employee fraud is normally done initially as a part ofa.tests of controls.b.tests of transactions.c.understanding the entity's internal control.d.the assessment of whether to accept the audit engagement.
58.Two overriding considerations affect the many ways an auditor can accumulate evidence:1. Sufficient competent evidence must be accumulated to meet the auditor's professional responsibility.2. Cost of accumulating evidence should be minimized.In evaluating these considerations,

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