When identifying possible frauds that may exist, the auditor should ask all of the following questions except?
A) Who are the key players in the business?
B) Does management demonstrate principles of integrity?
C) How could customers or vendors acting alone commit fraud?
D) What types of fraud have occurred or been suspected in the past?
E) All of the above are questions an auditor should ask.

Question

Quizplus · Accepted Answer

A: Incorrect; this question should be asked
B: Correct; this is irrelevant when identifying possible frauds
C: Incorrect; this question should be asked
D: Incorrect; this question should be asked
E: Incorrect; this question should be asked

When Identifying Possible Frauds That May Exist, the Auditor Should