A Good Fraud Auditing Involves Four Steps

question 26

Multiple Choice

A good fraud auditing involves four steps. Which of the following is the correct sequence?

• A) Identifying fraud risk exposures; building audit programs to proactively look for symptoms and exposures; investigating fraud symptoms identified; and identifying the fraud symptoms of each exposure.
• B) Identifying fraud risk exposures; identifying the fraud symptoms of each exposure; building audit programs to proactively look for symptoms and exposures; and investigating fraud symptoms identified.
• C) Building audit programs that proactively check for symptoms and exposures; identifying fraud risk exposures; identifying the fraud symptoms of each exposure; and investigating fraud symptoms identified.
• D) Identifying the fraud symptoms of each exposure; identifying fraud risk exposures; investigating fraud symptoms identified; and building audit programs to proactively look for symptoms and exposures.

---

Definitions:

Temporal Lobe

A region of the cerebral cortex responsible for processing auditory information and is involved in speech, memory, and emotional responses.

Cerebellum

A part of the brain located behind the top part of the brainstem, responsible for coordination of movements and balance.

Accessory Nerve

A cranial nerve that supplies the sternocleidomastoid and trapezius muscles to control swallowing, head, neck, and shoulder movements.

Cranial Component

Refers to the parts or elements that pertain to the skull or cranium, often relating to the brain or cranial nerves.