Question

Management is responsible for A Identifying and measuring fraud risks Taking steps to mitigate identified risks...

Management is responsible for

A

Identifying and measuring fraud risks

Taking steps to mitigate identified risks

Yes

Yes

B.

Identifying and measuring fraud risks

Taking steps to mitigate identified risks

Yes

No

C.

Identifying and measuring fraud risks

Taking steps to mitigate identified risks

No

No

D.

Identifying and measuring fraud risks

Taking steps to mitigate identified risks

No

Yes
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Answer #1

Answer : (A)

Identifying and measuring fraud risks - Yes

Taking Steps to mitigate Identified risks - Yes

Explanation :- Management is the final body who will be resposible for each and every operation of business if there is any fraudulent activity in the business then management will be resposible for identification & loss measurement caused by such risks. It is the management who can reduce or mitigate such fraudulent activities in an organization.

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