The primary responsibility for the prevention and detection of fraud rests with ________.
A)external auditors
B)internal auditors
C)management
D)the Audit Committee

Question

Quizplus · Accepted Answer

The primary responsibility for the prevention and detection of fraud rests with management. While external auditors and internal auditors may play a role in detecting fraud, it is ultimately the responsibility of management to establish a strong control environment and to detect and prevent fraudulent activities. The Audit Committee may also play a role in overseeing management's efforts to prevent and detect fraud, but they are not directly responsible for it.

The Primary Responsibility for the Prevention and Detection of Fraud