Absolute Free CFE-Fraud-Prevention-and-Deterrence Exam Practice for Comprehensive Preparation 

The internal audit function should discuss how and when to report fraud-related issues with senior management and the board of directors before such issues arise.

The internal audit function is permitted, but not required, to periodically report about the organization's fraud risks to senior management and the board of directors.

The internal audit function should not disclose the results of its fraud audits to senior management or the board of directors in order to maintain independence

The internal audit function is not permitted to communicate with the board of directors about fraud, as that is the responsibility of external auditors.

The fraud risk assessment report should be delivered in a style most suited to the language of the business

The fraud risk assessment report should contain a detailed, comprehensive list of every assessment finding

A fraud risk assessment report should reflect the assessment team's subjective perspective regarding the risks identified

To be most effective, access to the organization's ethics policy should be restricted to employees and other Internal parties only

In designing the ethics program, management should consider whether the organization currently has any ethical leadership Issues

An effective written ethics policy alone is sufficient to communicate management's ethical philosophy and serve as a comprehensive ethics program