Practice Quiz

Forensic Accounting

Category - Specialized Forensic Knowledge

Start a Study Session Sign up for Question of the Day
Who is responsible for fraud detection?
  1. Internal auditors
  2. Senior management
  3. External auditors
  4. Staff members
  5. All of the above
Explanation
Answer: E - It is the responsibility of everyone associated with an entity to detect fraud. Internal auditors, senior management, external auditors, and staff members all have an interest in the company, and therefore have an inherent responsibility to detect fraud.
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz