Which of the following is NOT one of the four steps involved in good proactive fraud auditing?
A) Identifying risk exposures
B) Conducting substantive test of account balances
C) Building audit programs that proactively check for symptoms and exposures
D) Investigating identified symptoms.

Question

Quizplus · Accepted Answer

A: Incorrect, because it is one of the four steps
B: Correct. The second step should be identifying the fraud symptoms for each exposure, not detailed testing.
C: Incorrect, same reason as a
D: Incorrect, same reason as a

Which of the Following Is NOT One of the Four