ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 3 Question 101 Discussion

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

Question #: 101
Topic #: 3

[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 Matthew at Jan 09, 2025, 02:23 PM

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Kimberlie

9 days ago

If auditors are responsible for anti-fraud controls, does that mean they get to wear superhero capes too? Just asking for a friend.

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Maurine

10 days ago

Ah, the age-old debate - are auditors just glorified fraud police or the guardians of financial sanity? I'll let the experts decide on this one.

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Eden

16 days ago

I'm going to have to go with B on this one. Doesn't sound quite right to me.

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Matthew

2 days ago

A) True

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Cordelia

23 days ago

I think it's true because auditors play a crucial role in detecting and preventing fraud within an organization.

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Vilma

24 days ago

Hmm, I'm not so sure about that. Doesn't the auditor's role focus more on detecting fraud rather than establishing controls?

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Becky

8 days ago

B) False

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Dacia

17 days ago

A) True

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Linwood

29 days ago

B) False

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Justa

1 months ago

Wow, really? I thought the management was responsible for that! This is news to me.

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Wilda

6 days ago

A) True

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Cordelia

1 months ago

A) True

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