Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 4 Question 74 Discussion

The internal auditor's fraud-related responsibilities include which of the following?
A) Evaluating whether management is actively retaining responsibility for oversight of the fraud risk management program
B) Reporting to regulators regarding the entity's vulnerability to fraud
C) Overseeing management's actions to manage fraud risks
D) Attesting that the organization's financial statements are free of material misstatements caused by fraud

ACFE CFE-Fraud-Prevention-and-Deterrence Exam - Topic 4 Question 74 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam
Question #: 74
Topic #: 4
[All CFE-Fraud-Prevention-and-Deterrence Questions]

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

Show Suggested Answer Hide Answer
Suggested Answer: A

by Corinne at Dec 12, 2023, 07:26 AM

Limited Time Offer

25%

Off

Get Premium CFE-Fraud-Prevention-and-Deterrence Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Annett
9 months ago
Wait, can auditors really attest to no fraud in statements? Sounds risky!
upvoted 0 times
...
Mitzie
10 months ago
Totally agree with A and C!
upvoted 0 times
...
Isreal
10 months ago
Not sure about D, seems like a tall order for auditors.
upvoted 0 times
...
Howard
10 months ago
I think C is also crucial for effective oversight.
upvoted 0 times
...
Margo
10 months ago
A is definitely part of the auditor's role.
upvoted 0 times
...
James
10 months ago
I have a vague recollection that option D is more about external auditors, but I'm not completely confident about that.
upvoted 0 times
...
Lyndia
11 months ago
I remember practicing a question similar to this, and I think option C might be correct since auditors often oversee management's actions.
upvoted 0 times
...
Leonora
11 months ago
I'm not entirely sure about option B; I feel like internal auditors typically don't report directly to regulators.
upvoted 0 times
...
Toi
11 months ago
I think option A sounds familiar because we discussed the importance of management's role in fraud risk management during our last study session.
upvoted 0 times
...
Noah
11 months ago
I'm a little confused by this question. The internal auditor's role in fraud seems to involve oversight and evaluation, but I'm not sure if any of these options fully capture that. I'll have to think it through more before selecting an answer.
upvoted 0 times
...
Gracia
11 months ago
Okay, I've got this. The internal auditor's job is to evaluate the company's fraud risk management program, not to report directly to regulators or attest to the financial statements being free of fraud. I'm confident option A is the correct answer.
upvoted 0 times
...
Hyun
11 months ago
Hmm, I'm a bit unsure about this one. The internal auditor's fraud responsibilities could cover a lot of ground. I'll need to think through each option carefully to determine the best answer.
upvoted 0 times
...
Herman
11 months ago
This seems like a straightforward question about the internal auditor's responsibilities related to fraud. I'll carefully read through the options and think about which one best describes their role.
upvoted 0 times
...
Felicia
11 months ago
Okay, I've got this. The question is specifically asking about the waste that was eliminated, which was the waste of motion. By rearranging the parts to be within easy reach, the repair person doesn't have to waste time and energy moving around to get the parts they need. The answer is definitely A, Motion.
upvoted 0 times
...
Eleonore
11 months ago
I'm a bit confused on this one. The High Availability Utility and Merge Utility don't seem directly relevant to the issue described in the question. I'll have to review the details of each option to make sure I'm choosing the right one.
upvoted 0 times
...
Major
11 months ago
I think Proof of Work is definitely better for scenarios where trustlessness is key, but I'm not sure about the others.
upvoted 0 times
...
Jacqueline
11 months ago
I think it might be the central station, but I'm not entirely sure. It sounds familiar from what we studied.
upvoted 0 times
...
Tien
11 months ago
Hmm, I'm a bit unsure about this one. I know measurement gaging is more precise, but I'm not sure if that makes it "more scientific" or if it requires greater skills. I'll have to review my notes to see if I can figure out the best answer.
upvoted 0 times
...

Save Cancel