Which of the following is not one of the elements to prevent, deter, and detect fraud according to the AICPA?
A) performing analytical procedures
B) culture of honesty and high ethics
C) management's responsibility to evaluate risks of fraud
D) audit committee oversight

Question

Quizplus · Accepted Answer

The other three choices (B, C, and D) are all elements identified by the AICPA to prevent, deter, and detect fraud. Analytical procedures are important in audits for other reasons, but they are not specifically listed as a key element in addressing fraud.

Which of the Following Is Not One of the Elements