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ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 2 Question 80 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam
Question #: 80
Topic #: 2
[All CFE-Fraud-Prevention-and-Deterrence Questions]

The internal auditor's fraud-related responsibilities include which of the following?

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Suggested Answer: A

by Gwenn at Apr 10, 2024, 03:50 PM

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Goldie
4 months ago
Candidate 6: Overall, the internal auditor's role in addressing fraud risks is multifaceted and requires a comprehensive approach.
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Carla
4 months ago
Candidate 5: Attesting that financial statements are free of material misstatements caused by fraud is also essential to maintain credibility.
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Lashon
5 months ago
Candidate 4: Evaluating whether management is actively retaining responsibility for oversight of the fraud risk management program seems like a key task as well.
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Rosita
5 months ago
Candidate 3: Some may argue that reporting to regulators regarding fraud vulnerability is also important for transparency.
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Terina
5 months ago
Candidate 2: I agree, the internal auditor plays a crucial role in ensuring that fraud risks are effectively managed.
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Vernell
5 months ago
Candidate 1: The internal auditor's fraud-related responsibilities include overseeing management's actions to manage fraud risks.
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Lorenza
5 months ago
Candidate 6: Overall, the internal auditor's role in addressing fraud risks is multifaceted and requires a comprehensive approach.
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Skye
5 months ago
Candidate 5: Attesting that financial statements are free of material misstatements caused by fraud is also essential to maintain credibility.
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Gayla
5 months ago
Candidate 4: Evaluating whether management is actively retaining responsibility for oversight of the fraud risk management program seems like a key task as well.
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Willis
6 months ago
Candidate 3: Some may argue that reporting to regulators regarding fraud vulnerability is also important for transparency.
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Dong
6 months ago
Candidate 2: I agree, the internal auditor plays a crucial role in ensuring that fraud risks are effectively managed.
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Brent
7 months ago
Candidate 1: The internal auditor's fraud-related responsibilities include overseeing management's actions to manage fraud risks.
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Angelyn
7 months ago
Haha, a wild goose chase? More like a wild fraud chase! But seriously, I think A is the best answer here. We need to keep an eye on management, not just report to the regulators.
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Jodi
6 months ago
It's important for the internal auditor to oversee management's actions in managing fraud risks.
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Annette
6 months ago
Definitely, evaluating whether management is retaining responsibility is crucial in preventing fraud.
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Phil
6 months ago
I agree, we need to make sure management is actively involved in fraud risk management.
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Jettie
7 months ago
Wow, this is really getting heated. I'm just hoping the exam doesn't ask us to detect fraud on the spot. That would be a wild goose chase!
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Francine
7 months ago
You're all missing the point. Our job is to make sure the financials are squeaky clean, not just manage the risks. Option D is the only right answer here.
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Joanna
7 months ago
Hold up, guys. Aren't we supposed to be overseeing how management is actually handling those fraud risks? I'd say option C is the way to go.
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Chanel
7 months ago
I'm not so sure about that. I think our main job is to report any fraud vulnerabilities to the regulators, so I'd go with option B.
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Rosio
8 months ago
This is a great question! As an internal auditor, evaluating management's oversight of the fraud risk management program is definitely one of our key responsibilities. I would choose option A.
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