What are the primary procedures auditors use in the fraud risk assessment process?
A)Brainstorming
B)Accuracy checking
C)Documentation
D)Flowcharting

Question

Quizplus · Accepted Answer

Brainstorming is one of the primary procedures used in the fraud risk assessment process. It involves auditors gathering a group of individuals and brainstorming potential fraud risks that may exist within a company. This helps to generate a complete list of potential fraud risks that need to be assessed further. Accuracy checking, documentation, and flowcharting are also important procedures in the audit process, but not specifically related to fraud risk assessment.

What Are the Primary Procedures Auditors Use in the Fraud