Audit Risk and Fraud Please respond to the following:

According to the text, planning an      audit involves establishing the overall audit strategy for the engagement      and developing an audit plan in an attempt to reduce audit risk to an      acceptable level. Select a balance sheet account or income statement      account, and discuss the type of audit procedure that would produce the      most reliable evidence for that account balance. Defend your position.

Can you please answer the above questions?

• Create a scenario in which a company conceals financial fraud from the auditing firm through theuse of information technology, and suggest at least one (1) way in which an auditing firm can...