Which of the following is FALSE regarding an organization's anti-fraud policy?

• A.To avoid legal problems in discharging employees, the anti-fraud policy should not include any specific examples of frau and misconduct.
• B.One of the most important considerations in developing the anti-fraud policy is to ensure every allegation is handled in a uniform manner.
• C.In developing the anti-fraud policy, management should check with legal counsel regarding any legal considerations with respect to the policy.
• D.A detailed anti-fraud policy can make it easier to investigate and punish employees who commit fraud and other dishonest acts.

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Which of the following statements is FALSE regarding an organization's fraud risk management program1?

• A.The responsibility of handling suspected incidences of noncompliance should be delegated to someone outside of the company
• B.There should be measures in place to address failures in the design or operation of anti-fraud controls, as well as fraud occurrervces
• C.The program must include mechanisms to monitor and identify breaches in compliance
• D.A Formal sanctions for intentional noncompliance should be well-publicized throughout the company

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Reputational damage is an indirect cost of fraud that can be difficult for organizations to calculate.

• A.True
• B.False

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Which of the following is FALSE regarding G20/OECD Principles of Corporate Governance (the Principles)?

• A.The Principles are required to be implemented by all corporations in the jurisdictions that have officially adopted them
• B.The Principles state that an entity's corporate governance framework should encourage active cooperation between corporationfiand stakeholders in creating wealth.
• C.The Principles state that an entity's corporate governance framework should ensure the equitable treatment of all shareholders
• D.The Principles are intended to be applicable in both developed economies and emerging markets

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In response to a risk identified during a fraud risk assessment, management decides to purchase fidelity insurance to help protect the company against the associated risk of loss This response is known as:

• A.Assuming the risk
• B.Transferring the risk
• C.Mitigating the risk
• D.Avoiding the risk

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