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 are 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

Assessing whether management is using all assets effectively is not directly related to assessing fraud risk. The other three questions are directly related to assessing and addressing fraud risk.

Which of the Following Questions Is the Auditor Not Required