A good reason for involving fraud auditors in the planning of a regular audit of financial statements is _______.
A)when there are many fraud risk factors
B)when the audit committee authorizes further investigation
C)it makes the client aware of how seriously the auditor takes its fraud detection responsibility
D)it improves the documentation standards of the financial statement audit

Question

Quizplus · Accepted Answer

Fraud auditors are experts in identifying fraud risk factors and detecting fraud. Involving them in the planning of a regular audit can help identify areas of high risk and develop appropriate procedures to address those risks, ultimately improving the quality and effectiveness of the audit.

A Good Reason for Involving Fraud Auditors in the Planning