ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 2 Question 92 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam

Question #: 92
Topic #: 2

[All CFE-Fraud-Prevention-and-Deterrence Questions]

International Standard on Auditing (ISA) 240 establishes auditors as being primarily responsible for the establishment of anti-fraud internal controls within an organization.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

by Rebbeca at Sep 10, 2024, 07:39 PM

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Kristel

5 months ago

I disagree, I believe auditors are responsible for assessing the risk of fraud but not for establishing internal controls.

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Alayna

5 months ago

I'm pretty sure the auditor's job is to assess the controls, not establish them. B has got to be the correct answer here.

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Micheline

3 months ago

B) False

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Art

4 months ago

I agree, the auditor's role is to assess the controls, not establish them.

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Letha

4 months ago

B) False

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Arthur

4 months ago

A) True

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Myra

5 months ago

I think it's true because auditors play a key role in detecting and preventing fraud.

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Kristel

5 months ago

B) False

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Myra

5 months ago

A) True

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Fausto

5 months ago

Haha, good one! Auditors responsible for anti-fraud controls? That's like asking the fox to guard the henhouse.

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Reita

5 months ago

ISA 240 is all about the auditor's responsibilities, not the organization's. Definitely False.

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Devorah

4 months ago

Definitely False

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Jade

4 months ago

B) False

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Brandon

4 months ago

A) True

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Justine

5 months ago

This seems like a trick question. Isn't it the management's responsibility to establish anti-fraud controls? I'll go with B.

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Clay

4 months ago

Yeah, I think I'll go with False too.

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Kyoko

4 months ago

I agree with Kyoko, it's actually the management's responsibility to establish anti-fraud controls.

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Malissa

5 months ago

False

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Golda

5 months ago

True

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