ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 3 Question 83 Discussion

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

Question #: 83
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 Kimberlie at May 07, 2024, 09:15 PM

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Jeniffer

5 months ago

Alright, consensus seems to be False. Let's see what others think.

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Vince

5 months ago

I agree with you both. The answer should be False then.

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Nicolette

5 months ago

Yes, exactly. Auditors assess but don’t establish the controls.

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Hoa

6 months ago

I think it’s False. Management sets internal controls, right?

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Denny

6 months ago

Yeah, it's asking if auditors are responsible for anti-fraud controls.

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Jeniffer

7 months ago

Hey, did you see the question about ISA 240?

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