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ACFE Exam CFE-Fraud-Prevention-and-Deterrence Topic 4 Question 85 Discussion

Actual exam question for ACFE's CFE-Fraud-Prevention-and-Deterrence exam
Question #: 85
Topic #: 4
[All CFE-Fraud-Prevention-and-Deterrence Questions]

Which of the following is TRUE regarding government auditors' responsibilities to report evidence of potential fraud uncovered during an audit of a public-sector organization's financial statements?

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Suggested Answer: A

by Lucina at Jun 01, 2024, 11:04 AM

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Jeniffer
3 days ago
Option F: Government auditors can only report fraud if they do a ceremonial dance under a full moon while wearing a clown costume. It's the law, folks.
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Edna
6 days ago
Option A? Really? Clearly the person who wrote this question has never met a government auditor. We're a diverse bunch with different rules to follow.
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Naomi
7 days ago
I think Option C is tempting, but we all know government auditors have some unique requirements that set them apart from private sector auditors. Can't just assume they're the same.
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Jerlene
20 days ago
Option B has to be wrong. There's no way government auditors are legally prohibited from reporting fraud - that would be a recipe for disaster!
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Ryan
5 hours ago
Option B is actually correct. Government auditors are legally prohibited from reporting evidence of potential fraud uncovered during an audit of a public-sector organization's financial statements.
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Magdalene
22 days ago
I'm not sure, but I think it's important for government auditors to follow the specific audit mandate when reporting potential fraud.
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Yuki
23 days ago
Option D seems to be the correct answer. As government auditors, our responsibilities can vary depending on the jurisdiction and the specific audit mandate. We can't just assume one-size-fits-all when it comes to reporting fraud.
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Alishia
26 days ago
I agree with you, Pansy. The requirements for government auditors to report evidence of potential fraud can vary depending on the jurisdiction.
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Pansy
27 days ago
I think the answer is D.
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