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IIA Exam IIA-ACCA Topic 4 Question 77 Discussion

Actual exam question for IIA's IIA-ACCA exam
Question #: 77
Topic #: 4
[All IIA-ACCA Questions]

Which of the following activities is most likely to require a fraud specialist to supplement the knowledge and skills of the internal audit activity?

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Suggested Answer: A

by Mollie at May 20, 2024, 04:36 PM

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Denae
2 months ago
Employing audit tests to detect fraud is a job for a true detective! A fraud specialist would be the Sherlock Holmes of the internal audit team.
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Mertie
30 days ago
C) Interrogating a suspected fraudster.
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Charlette
1 months ago
B) Employing audit tests to detect fraud.
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Oliva
1 months ago
A) Planning an engagement of the area in which fraud is suspected.
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Fabiola
2 months ago
Completing a process review to improve controls seems straightforward enough. Why would you need a fraud specialist for that? Sounds like a waste of resources if you ask me.
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Josephine
3 months ago
Haha, I'm sure the suspected fraudster is just 'misunderstood' and didn't mean to embezzle all that money. Better call in a mind reader instead of a fraud specialist!
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Alonso
1 months ago
C) Interrogating a suspected fraudster.
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Delbert
1 months ago
B) Employing audit tests to detect fraud.
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Trinidad
2 months ago
A) Planning an engagement of the area in which fraud is suspected.
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Tamar
3 months ago
Interrogating a suspected fraudster requires special skills and knowledge that a typical internal auditor may not possess. A fraud specialist would be essential in this case.
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Shaquana
2 months ago
C) Interrogating a suspected fraudster.
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Desiree
2 months ago
B) Employing audit tests to detect fraud.
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Otis
2 months ago
A) Planning an engagement of the area in which fraud is suspected.
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Albert
3 months ago
Planning an engagement where fraud is suspected seems like the most logical choice. You'll need a fraud specialist to provide guidance and expertise in this sensitive situation.
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Celestine
28 days ago
D) Completing a process review to improve controls to prevent fraud.
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Jolene
30 days ago
C) Interrogating a suspected fraudster.
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Kimbery
1 months ago
B) Employing audit tests to detect fraud.
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Jeannetta
1 months ago
A) Planning an engagement of the area in which fraud is suspected.
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Vivienne
3 months ago
But wouldn't planning an engagement of the area in which fraud is suspected also require a fraud specialist to ensure all aspects are covered?
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Juan
3 months ago
I agree with Tanesha, because fraud specialists have the expertise in conducting interviews and detecting deception.
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Tanesha
3 months ago
I think interrogating a suspected fraudster would require a fraud specialist.
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