Final answer:
The correct option is B. The main objective of a fraud examination is to investigate suspicions and accusations of fraud, with a focus on gathering evidence and determining whether fraud has occurred.
Step-by-step explanation:
The objective of a fraud examination is investigate suspicions and accusations of Fraud. The primary goal isn’t just to add credibility to financial statements or fulfill regulatory requirements; it involves a comprehensive process designed to determine whether fraud has occurred and to gather evidence if it has. A fraud examiner assesses allegations of fraud, collects evidence, interviews suspects and witnesses, and may also be involved in legal proceedings.
Unlike auditors, whose main focus is to examine financial statements for accuracy, fraud examiners are more like financial detectives who look beyond the numbers to catch deliberate acts of deception. The end result of a fraud examination may indirectly add credibility to financial statements and fulfill regulatory requirements, but these are not its primary goals. Instead, the focus is on addressing the specific accusations or suspicions of fraud, which can benefit stakeholders by protecting the entity's resources and reputation.