Question

If several employees collude to falsify documents, the chance a normal audit would uncover such acts is

Answer 1

Answer:

If several employees collude to falsify documents, the chance a normal audit would uncover such acts is: A) very low

Answer 2

The chance to uncover such acts is very low.

• Auditing is the process of formal inspection of an enterprise's financial statements.
• The prime objective of an audit is to shape an informed opinion about the audited entity's financial statements.
• A credential that naturally follows financial statements represents an auditor's opinion.  
• Howevern in cases where employees collude, there is a very low chance of a normal audit to verify it.