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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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Selma
14 days 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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Lashon
2 days 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
2 days 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
17 days 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
20 days 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
22 days 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
5 days ago
D) Attesting that the organization's financial statements are free of material misstatements caused by fraud
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Corazon
11 days ago
C) Overseeing management's actions to manage fraud risks
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Ruthann
13 days ago
A) Evaluating whether management is actively retaining responsibility for oversight of the fraud risk management program
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Cassandra
29 days 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
17 days 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
21 days 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
23 days ago
I agree, the internal auditor's main role is to oversee management's actions in managing fraud risks.
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Alishia
30 days ago
I think the internal auditor's fraud-related responsibilities include overseeing management's actions to manage fraud risks.
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