List two major characteristics that are useful in predicting the likelihood of fraudulent financial reporting in an audit for each of the characteristics state two things that the auditor can do to evaluate its significance in the engagement

The two major characteristics that are useful in predicting the likelihood of fraudulent financial reporting in an audit are weak internal controls and industry conditions.

For both of these, more audit work and larger samples are ways to mitigate this risk.

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!