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ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 2 Question 92 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam
Question #: 92
Topic #: 2
[All CFE-Fraud-Prevention-and-Deterrence Questions]

Professional auditing standards require that auditors incorporate an "element of unpredictability" in the selection of auditing procedures to be performed.

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Suggested Answer: B

by Rebbeca at Sep 10, 2024, 07:39 PM

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Eladia
3 months ago
Wait, so they can just pick random procedures?
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Maddie
3 months ago
Absolutely, keeps auditors on their toes!
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Dick
4 months ago
Really? Sounds a bit vague to me.
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Tonette
4 months ago
I thought it was just about following a checklist.
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Abel
4 months ago
That's true, unpredictability is key in audits!
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Latosha
4 months ago
This sounds familiar, but I can't remember if unpredictability is a strict requirement or just a recommendation.
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Emmett
5 months ago
I recall something about auditors needing to keep their procedures varied, so I would lean towards True.
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Sharee
5 months ago
I'm not entirely sure, but I feel like we had a practice question about this that leaned towards False.
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Henriette
5 months ago
I think the answer is True because I remember discussing the importance of unpredictability in our last class.
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Filiberto
5 months ago
I'm a bit confused by this question. Unpredictability in auditing procedures? That doesn't seem like a standard requirement to me. I'll have to review my notes to see if I'm missing something.
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Dierdre
5 months ago
Okay, let me see. The question is asking about professional auditing standards and the need for unpredictability. I think the key is understanding why that would be important. I'll have to consider the reasoning behind that requirement.
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Gayla
5 months ago
Hmm, I'm not entirely sure about this one. I'll need to think it through carefully. Unpredictability in auditing procedures - is that really a requirement?
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Reed
5 months ago
This seems like a straightforward question. I'm pretty confident the answer is True since the standards require auditors to incorporate unpredictability.
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Soledad
5 months ago
Ah, I remember discussing this in class. Unpredictability helps prevent auditees from anticipating the procedures and potentially concealing issues. I'm confident the answer is True.
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Alex
5 months ago
I'm pretty confident I know the answer to this one. The "show bob's hairy eyeball" command just doesn't make any sense, so that's got to be the option that won't be accepted.
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Helga
5 months ago
I don't think option D is viable since sharing unencrypted data would violate the encryption requirement.
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Lynette
10 months ago
True, without the element of unpredictability, auditing would be about as exciting as watching paint dry.
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Tish
10 months ago
I'd go with true. Unpredictability is the spice of life, especially in the world of accounting.
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Latrice
10 months ago
Ah yes, the element of surprise. Keeping the auditees on their toes is the true purpose of auditing.
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Franklyn
8 months ago
It's all about maintaining the integrity of the audit process.
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Jade
8 months ago
The element of unpredictability can help uncover potential fraud or errors.
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Shannon
8 months ago
I agree, it helps ensure that the auditors are thorough in their examination.
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Joanne
9 months ago
It definitely keeps things interesting during the audit.
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Sanjuana
11 months ago
I'm not sure about this one. Can you explain why auditors need unpredictability in their procedures?
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Hui
11 months ago
Definitely true. It's like a game of cat and mouse, but with spreadsheets.
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Eun
10 months ago
It helps ensure that auditors are thorough in their examination.
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Marguerita
10 months ago
It keeps things interesting for sure.
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Sylvie
11 months ago
Of course it's true, how else would auditors keep the auditees on their toes?
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Glenn
9 months ago
B) False
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Tu
9 months ago
That's right, it also helps prevent potential fraud or errors from being overlooked.
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Nobuko
9 months ago
Exactly, it helps ensure that auditors are thorough in their examination.
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Teddy
10 months ago
A) True
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Madalyn
11 months ago
I agree with Felix. Auditors need to have some element of unpredictability in their procedures to ensure thoroughness.
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Felix
11 months ago
I think the answer is A) True.
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