ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 3 Question 106 Discussion

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

Question #: 106
Topic #: 3

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

A government auditor is conducting a financial statement audit of a public-sector entity in accordance with the International Standards of Supreme Audit Institutions (ISSAI). Which of the following is TRUE regarding the auditor's consideration of fraud during this engagement?

AIn addition to fraud, the auditor should remain alert to potential occurrences of abuse during the audit.

BThe auditor has the automatic ability to withdraw from the audit engagement if fraud is found.

CThe requirements found in International Standard on Auditing (ISA) 240 do not apply to the engagement

DThe objectives of the audit are likely narrower than those of a private-sector financial statement audit.

Show Suggested Answer

Suggested Answer: A

by Pearly at Apr 08, 2025, 08:38 PM

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Aliza

3 hours ago

I think the auditor should also consider potential abuse, not just fraud.

upvoted 0 times

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