Of the elements of fraud, which is usually least likely to be detected by auditors?
A) Theft act
B) Concealment
C) Conversion
D) Personal pressures

Question

Quizplus · Accepted Answer

A: The actual act is hardest for an auditor to see. the nature of fraud is just that, to deceive people
B&C: Auditors have a lot of capability of tracing concealment, and some for tracing conversion
D: Auditors usually don't get to know auditees well enough to know their pressures but these are probably more likely to be seen than the act itself.

Of the Elements of Fraud, Which Is Usually Least Likely