When assessing the risk of fraud, an auditor can consider
A) attitudes and rationalization to justify a fraud.
B) incentives and pressures to commit fraud.
C) opportunities to perpetuate a fraud.
D) all of the above

Question

Quizplus · Accepted Answer

When assessing the risk of fraud, auditors should consider all of the above factors: attitudes and rationalizations, incentives and pressures, and opportunities. These factors are known as the fraud triangle and can help auditors identify areas where fraud may be more likely to occur. Understanding these factors can also help auditors design and implement effective controls to prevent or detect fraud.

When Assessing the Risk of Fraud, an Auditor Can Consider