Fraud risks related to corruption include:

• A.Reporting revenue in the wrong accounting period
• B.Fraudulent customer payments
• C.Espionage by competitors
• D.Payment of bribes to procure business

Comment: *

Name: *

Email: *

Verification: *

Which of the following is one of the components of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Enterprise Risk Management-Integrating with Strategy and Performance?

• A.Event avoidance
• B.Risk tolerance
• C.Compliance
• D.Review and revision

Comment: *

Name: *

Email: *

Verification: *

According to International Organization for Standardization (ISO) 31000:2018, an effective and efficient risk management program contains all of the following principles EXCEPT:

• A.The program facilitates continuous improvement.
• B.The program is customized and proportionate to the organization's operations and objectives.
• C.The program takes human and cultural factors into account.
• D.The program is static and consistent, even during times of organizational change.

Comment: *

Name: *

Email: *

Verification: *

Jenny is a highly respected employee at XYZ Corp Her husbands gambling addiction has caused them to have a significant amount of debt Jenny begins stealing money from the company to cover her husbands gambling losses. This situation best illustrates which leg of the Fraud Triangle?

• A.Perceived non-shareable financial need
• B.Rationalization
• C.Perceived opportunity
• D.Perceived acquiescence

Comment: *

Name: *

Email: *

Verification: *

Which of the following is TRUE regarding the communication of the fraud risk assessment process?

• A.The more personalized the communication, the more effective it will be in encouraging employees to participate
• B.The communication should be made in a format mat is most appropriate for the culture of the organization
• C.The communication should be visibly disseminated throughout the business
• D.All of the above

Comment: *

Name: *

Email: *

Verification: *