The results of a fraud risk assessment can help auditors design programs and procedures in a way that enables the auditors to look for fraud in known areas of high risk.

Question

Quizplus · Accepted Answer

This is true. The results of a fraud risk assessment can inform the auditor where in the organization there may be a higher likelihood of fraud occurring, allowing them to focus their efforts and design audit procedures accordingly.

The Results of a Fraud Risk Assessment Can Help Auditors