Primary responsibility for the prevention and detection of fraud rests with:
AThe external auditor
BThose charged with governance and managementCORRECT
CThe internal auditor
DThe regulator
ICANAudit & AssuranceAudit Risk and Risk Assessment2025
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Why the answer is B, and why the others tempt you.
Prevention and detection of fraud is the responsibility of management and those charged with governance. The auditor is responsible for obtaining reasonable assurance that the statements are free from material misstatement, whether caused by fraud or error.
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