Which of the Following Questions Is the Auditor Not Required

question 53

Multiple Choice

Which of the following questions is the auditor not required to ask company management when assessing fraud risk?

• A) Does management have knowledge of any fraud or suspected fraud within the company?
• B) What is the nature of the fraud risks identified by management?
• C) Is management using all assets effectively?
• D) What internal controls have been implemented to address the fraud risks?

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Definitions:

Trait Terms

Descriptors used to identify consistent patterns in an individual's behavior, thought, and emotions.

Big Five

A psychological model outlining five major dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Comprehensive Personality

Encompasses a holistic view of an individual's character, including traits, behaviors, and emotional patterns.

Big Five

An outline that identifies five primary personality traits: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.