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

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

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

Suggested Answer: B

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34 comments · newest first
EL
Eladia 11 months ago
Wait, so they can just pick random procedures?
MA
Maddie 11 months ago
Absolutely, keeps auditors on their toes!
DI
Dick 11 months ago
Really? Sounds a bit vague to me.
TO
Tonette 12 months ago
I thought it was just about following a checklist.
AB
Abel 12 months ago
That's true, unpredictability is key in audits!
LA
Latosha 12 months ago
This sounds familiar, but I can't remember if unpredictability is a strict requirement or just a recommendation.
EM
Emmett 1 year ago
I recall something about auditors needing to keep their procedures varied, so I would lean towards True.
SH
Sharee 1 year ago
I'm not entirely sure, but I feel like we had a practice question about this that leaned towards False.
HE
Henriette 1 year ago
I think the answer is True because I remember discussing the importance of unpredictability in our last class.
FI
Filiberto 1 year 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.
DI
Dierdre 1 year 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.
GA
Gayla 1 year 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?
RE
Reed 1 year ago
This seems like a straightforward question. I'm pretty confident the answer is True since the standards require auditors to incorporate unpredictability.
SO
Soledad 1 year 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.
AL
Alex 1 year 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.
HE
Helga 1 year ago
I don't think option D is viable since sharing unencrypted data would violate the encryption requirement.
LY
Lynette 1 year ago
True, without the element of unpredictability, auditing would be about as exciting as watching paint dry.
TI
Tish 1 year ago
I'd go with true. Unpredictability is the spice of life, especially in the world of accounting.
LA
Latrice 1 year ago
Ah yes, the element of surprise. Keeping the auditees on their toes is the true purpose of auditing.
FR
Franklyn 1 year ago
↳ replying to Latrice
It's all about maintaining the integrity of the audit process.
JA
Jade 1 year ago
↳ replying to Latrice
The element of unpredictability can help uncover potential fraud or errors.
SH
Shannon 1 year ago
↳ replying to Latrice
I agree, it helps ensure that the auditors are thorough in their examination.
JO
Joanne 1 year ago
↳ replying to Latrice
It definitely keeps things interesting during the audit.
SA
Sanjuana 2 years ago
I'm not sure about this one. Can you explain why auditors need unpredictability in their procedures?
HU
Hui 2 years ago
Definitely true. It's like a game of cat and mouse, but with spreadsheets.
EU
Eun 1 year ago
↳ replying to Hui
It helps ensure that auditors are thorough in their examination.
MA
Marguerita 1 year ago
↳ replying to Hui
It keeps things interesting for sure.
SY
Sylvie 2 years ago
Of course it's true, how else would auditors keep the auditees on their toes?
GL
Glenn 1 year ago
↳ replying to Sylvie
B) False
TU
Tu 1 year ago
↳ replying to Sylvie
That's right, it also helps prevent potential fraud or errors from being overlooked.
NO
Nobuko 1 year ago
↳ replying to Sylvie
Exactly, it helps ensure that auditors are thorough in their examination.
TE
Teddy 1 year ago
↳ replying to Sylvie
A) True
MA
Madalyn 2 years ago
I agree with Felix. Auditors need to have some element of unpredictability in their procedures to ensure thoroughness.
FE
Felix 2 years ago
I think the answer is A) True.
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