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?

Question

Quizplus · Accepted Answer

Asking whether management is using all assets effectively is not directly related to assessing fraud risk, but rather to the overall financial performance and management of the company. The other three questions listed directly relate to the assessment of fraud risk.

Which of the Following Questions Is the Auditor Not Required