Which of the following is NOT a factor that directors and management should consider when developing a corporate governance framework for an organization?

• A.The legal and regulatory environment in which the organization operates
• B.The ability of the framework to remain static during changes in the corporate landscape
• C.The organization's ethical environment
• D.The organization's cultural environment

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Which of the following is TRUE regarding the reporting of the fraud risk assessment results7

• A.All of the above
• B.The fraud risk assessment report should be delivered in a style most suited to the language of the business
• C.The fraud risk assessment report should contain a detailed, comprehensive list of every assessment finding
• D.A fraud risk assessment report should reflect the assessment team's subjective perspective regarding the risks identified

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Which of the following choices is an example of an anti-fraud control that is primarily detective in nature?

• A.Continuous audit techniques
• B.Separation of employee duties
• C.Employee background checks
• D.Hiring policies and procedures

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Alicia, a government auditor, is conducting a financial statement audit of a public-sector entity in accordance with the International Standards of Supreme Audit Institutions. Which of the following is TRUE regarding Alicia's consideration of fraud during this engagement?

• A.In conducting the audit, Alicia's objectives are likely narrower than those of a private-sector financial statement audit.
• B.Alicia must comply with the requirements found in International Standard on Auditing 240 as they apply to both private- and public-sector audits.
• C.Alicia should focus on potential fraud and does not need to consider the possibility of abuse or other misconduct during the audit engagement.
• D.If Alicia identifies fraud during the audit engagement, she must immediately withdraw from the engagement.

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