At what stage of the audit is the involvement of a forensic auditor most effective?
A)During the testing phase.
B)At the initial planning stage.
C)Only when an actual fraud has been detected.
D)At the final conclusion and report phase

Question

Quizplus · Accepted Answer

The involvement of a forensic auditor at the initial planning stage is most effective as they can help identify potential areas of fraud and provide input on audit procedures to address those risks. Waiting until fraud has been detected or until the final conclusion and report phase can limit the effectiveness of the forensic auditor's involvement. While they may still be able to provide useful insights during the testing phase, their involvement earlier in the process can lead to a more proactive and thorough audit approach.

At What Stage of the Audit Is the Involvement of a Forensic