Adan, an internal auditor who works at BKY Co.

Question

Adan, an internal auditor who works at BKY Co., is reviewing the auditing procedures for his company. He is specifically considering the ways BKY can proactively audit for fraud. Which of the following is TRUE regarding the use of proactive fraud auditing procedures at BKY?

Accepted Answer

D. Fraud assessment questioning techniques are most effectively used as part of the normal audit process.

Answer

A. Analytical review of BKY's financial statements is the best way to uncover small frauds that might be missed by other detection methods.

Answer

B. Fraud audit procedures should be designed to avoid an element of surprise.

Answer

C. Auditors should avoid asking questions such as, "Has anyone ever asked you to do something unethical?" as part of their audits, as this can limit employees' willingness to communicate.

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Exam CFE-Fraud-Prevention-and-Deterrence All Questions

ACFE Certified Fraud Examiner CFE-Fraud-Prevention-and-Deterrence Question # 28 Topic 3 Discussion

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