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

1 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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Charlette

4 days ago

B) Employing audit tests to detect fraud.

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Oliva

10 days ago

A) Planning an engagement of the area in which fraud is suspected.

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Fabiola

1 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

2 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

10 days ago

C) Interrogating a suspected fraudster.

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Delbert

12 days ago

B) Employing audit tests to detect fraud.

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Trinidad

13 days ago

A) Planning an engagement of the area in which fraud is suspected.

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Tamar

2 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

18 days ago

C) Interrogating a suspected fraudster.

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Desiree

1 months ago

B) Employing audit tests to detect fraud.

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Otis

1 months ago

A) Planning an engagement of the area in which fraud is suspected.

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Albert

2 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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