ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 4 Question 47 Discussion

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

Question #: 47
Topic #: 4

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

Which of the following is NOT a way that an organization's fraud risk assessment should be incorporated into the audit process''

AIt should be used to replace the auditor's own identification and assessment of fraud risks.

BIt should be used to assess whether there is a moderate-to-high risk of management override of internal controls within the moderate-to-high fraud risk areas

CIt should be used to increase awareness in the development of audit programs for areas that have been identified as having a moderate-to-high risk of fraud.

DIt should be used to design audit tests to evaluate whether the controls are operating effectively

Show Suggested Answer

Suggested Answer: A

by Albina at May 05, 2022, 12:14 AM

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