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NEW QUESTION 48
Which of the following is TRUE regarding the communication of the fraud risk assessment process?

A. The communication should be visibly disseminated throughout the businessB. The more personalized the communication, the more effective it will be in encouraging employees to participateC. The communication should be made in a format mat is most appropriate for the culture of the organizationD. All of the above

Answer: D

 

NEW QUESTION 49
According to the 2020 Report to the Nations, which of the following is the MOST COMMON method by which frauds are detected?

A. External auditB. Internal auditC. TipsD. Confession

Answer: C

 

NEW QUESTION 50
ABC. Inc. is a publicly traded, multi-national corporation. Which of the following statements is TRUE regarding the corporate governance requirements that ABC is subject to?

A. ABC must comply with specific listing standards for the stock exchange(s) on which it is listedB. ABC is subject to the Universal Corporate Governance Act because it is a publicly traded corporation.C. ABC is not required to comply with any corporate governance requirements because it operates in multiple jurisdictionsD. ABC is required to comply with G20/OECD Principles of Corporate Governance

Answer: A

 

NEW QUESTION 51
The International Organization of Securities Commissions' (IOSCO) Principles for Auditor Oversight states that auditor oversight should involve a regular review process designed to ascertain whether audit firms adhere to quality control policies and procedures.

A. FalseB. True

Answer: B

 

NEW QUESTION 52
During a fraud risk assessment, the assessment team is seeking information on the ethical tone set by upper and middle managers. The team members determine that, for this task, they would like to get candid one-on-one feedback from employees away from their peers. Which of the following techniques would be most helpful for them to use in gathering this information?

A. Anonymous feedback mechanismsB. InterviewsC. Focus groupsD. Surveys

Answer: B

 

NEW QUESTION 53
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