Question $1$

Which of the following statements is faise as it relates to using fraud risk factors to identify and assess fraud risks?

You inquire of management to obtain their views on whether the fraud risk factors give rise to a fraud risk.

You assess whether the identified fraud risk factors that can lead to fraud risks are more than remote.

You use professional judgment to evaluate whether identified fraud risk lactors leads to a traud risk.

You consider how fraud could be perpetrated given the fraud risk factors.