The Center for Audit Quality (CAQ) Report Identifies Which of the Following

Multiple Choice

The Center for Audit Quality (CAQ) report identifies which of the following ways in which individuals involved in the financial reporting process can mitigate the risk of fraudulent financial reporting?

A) Individuals involved in financial reporting need to acknowledge that there needs to exist a strong, highly ethical tone at the top of an organization that permeates the corporate culture, including an effective fraud risk management program.
B) Individuals involved in financial reporting need to continually exercise professional skepticism.
C) Individuals involved in financial reporting need to remember that strong communication among those involved in the financial reporting process is critical.
D) All of the above.