IIA Exam IIA-ACCA Topic 4 Question 77 Discussion

Actual exam question for IIA's IIA-ACCA exam

Question #: 77
Topic #: 4

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

APlanning an engagement of the area in which fraud is suspected.

BEmploying audit tests to detect fraud.

CInterrogating a suspected fraudster.

DCompleting a process review to improve controls to prevent fraud.

Show Suggested Answer

Suggested Answer: A

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

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Denae

10 days 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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Fabiola

11 days 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

16 days 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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1 months ago

I think interrogating a suspected fraudster would require a fraud specialist.

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