Which of the following best describes the objective of a fraud examination?
A) To make recommendations to management about how to prevent fraud
B) To determine whether financial statements are free of misstatements due to fraud
C) To express an opinion on the guilt or innocence of a suspect
D) To determine whether a crime has been committed, and if so, who is responsible

Question

Quizplus · Accepted Answer

The primary objective of a fraud examination is to determine whether a crime has been committed and, if so, to identify who is responsible. This involves gathering evidence, analyzing financial transactions, and conducting interviews to establish the facts of the case.

Which of the Following Best Describes the Objective of a Fraud