The International Organization of Securities Commissions' (IOSCO) Principles for Auditor Oversight states that auditor oversight should involve a regular review process designed to ascertain whether audit firms adhere to quality control policies and procedures.

1. A. True
2. B. False

Correct Answer: A

According to the 2018 Report to the Nations, which of the following is the most common method by which frauds are detected?

1. A. Confession
2. B. External audit
3. C. Tips
4. D. Internal audit

Correct Answer: C

According to G20/OECD Principles of Corporate Governance (the Principles):

1. A. Governments should have in place a corporate governance framework that promotes transparent and fair markets
2. B. Companies should disclose all financial information to investors, regardless of the cost burden of the disclosure
3. C. A corporate governance framework should focus on the rights of shareholders but does not need to include the rights of other organizational stakeholders
4. D. All of the above

Correct Answer: A

Sofia, a Certified Fraud Examiner (CFE). look an introductory class in computer forensics When a client thought there might be evidence of a crime on his hard drive. Sofia decided to conduct a forensic examination of the hard drive even though she had no experience or advanced training in this area Sofia's conduct would likely be a violation of the ACFE Code of Professional Ethics

1. A. True
2. B. False

Correct Answer: A