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ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 4 Question 98 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam
Question #: 98
Topic #: 4
[All CFE-Fraud-Prevention-and-Deterrence Questions]

The internal auditor's fraud-related responsibilities include which of the following?

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Suggested Answer: A

by Kaitlyn at Oct 19, 2024, 09:43 AM

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Johnna
3 months ago
The auditor's job is to catch fraud, not commit it! I'm going with D as the right answer.
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Jani
2 months ago
User 3: Definitely, D seems like the most appropriate choice for the internal auditor's fraud-related responsibilities.
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Elmira
2 months ago
User 2: I think D is the right answer too. Attesting that financial statements are free of material misstatements caused by fraud is crucial.
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Sabina
2 months ago
User 1: I agree, the auditor's job is to catch fraud, not commit it!
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Suzan
3 months ago
I'd go with B. Reporting to regulators about the entity's vulnerability to fraud is a key part of the internal auditor's fraud-related responsibilities.
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Arlyne
3 months ago
C is the obvious choice here. The internal auditor is the watchdog, not the one actually managing the fraud risks.
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Carol
2 months ago
D) Attesting that the organization's financial statements are free of material misstatements caused by fraud
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Martha
3 months ago
C) Overseeing management's actions to manage fraud risks
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Thaddeus
3 months ago
A) Evaluating whether management is actively retaining responsibility for oversight of the fraud risk management program
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Selma
4 months ago
A is the way to go. The internal auditor should evaluate whether management is fulfilling its oversight responsibilities for the fraud risk management program.
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Helene
3 months ago
Yes, evaluating whether management is retaining responsibility for oversight of the fraud risk management program is essential for the internal auditor.
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Gearldine
3 months ago
A is definitely a key responsibility for the internal auditor when it comes to fraud-related matters.
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Claribel
3 months ago
A is definitely a key responsibility for the internal auditor in relation to fraud risk management.
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Carri
3 months ago
It's crucial for the internal auditor to ensure that management is actively involved in managing fraud risks.
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Margo
3 months ago
It's crucial for the internal auditor to ensure that management is actively involved in managing fraud risks.
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Lashon
3 months ago
I agree, A is important for the internal auditor to evaluate management's oversight of the fraud risk management program.
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Colette
3 months ago
I agree, A is important for the internal auditor to evaluate management's oversight of the fraud risk management program.
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Annamae
4 months ago
I believe the internal auditor should also evaluate whether management is actively retaining responsibility for oversight of the fraud risk management program.
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Kanisha
4 months ago
I agree with you, Alishia. It's important for the internal auditor to ensure that management is actively addressing fraud risks.
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Dorcas
4 months ago
D seems like the correct answer to me. Ensuring the financial statements are free of material misstatements caused by fraud is a critical responsibility of the internal auditor.
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Rupert
3 months ago
D) Attesting that the organization's financial statements are free of material misstatements caused by fraud
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Corazon
4 months ago
C) Overseeing management's actions to manage fraud risks
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Ruthann
4 months ago
A) Evaluating whether management is actively retaining responsibility for oversight of the fraud risk management program
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Cassandra
4 months ago
I think the answer is C. The internal auditor's role is to oversee management's actions in managing fraud risks, not to report directly to regulators or attest to the lack of material misstatements.
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Carissa
4 months ago
It's important for the internal auditor to focus on evaluating and overseeing management's actions to manage fraud risks.
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Lindsay
4 months ago
That's correct, they are not responsible for reporting directly to regulators or attesting to the lack of material misstatements.
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Loren
4 months ago
I agree, the internal auditor's main role is to oversee management's actions in managing fraud risks.
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Alishia
4 months ago
I think the internal auditor's fraud-related responsibilities include overseeing management's actions to manage fraud risks.
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