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Exam CFE - Fraud Prevention All Questions

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Exam CFE - Fraud Prevention topic 1 question 22 discussion

Actual exam question from ACFE's CFE - Fraud Prevention
Question #: 22
Topic #: 1
[All CFE - Fraud Prevention Questions]

International Standard on Auditing (ISA) 240 establishes auditors as being primarily responsible for the prevention and detection of fraud within an organization.

  • A. True
  • B. False
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Suggested Answer: B 🗳️
by vynyfulu at April 5, 2025, 12:29 p.m.

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_denw
20 hours ago
Selected Answer: B
ISA 240 states that management, not auditors, holds the primary responsibility for preventing and detecting fraud; auditors are responsible for obtaining reasonable assurance that financial statements are free from material misstatement due to fraud.
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