The Vulnerability of an Organization to Those Capable of Overcoming

question 30

Multiple Choice

The vulnerability of an organization to those capable of overcoming the three elements of the fraud triangle is known as which of the following?

• A) Inherent risk
• B) Fraud risk assessment
• C) Fraud risk
• D) Control risk

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Definitions:

Credit Memo

A document issued by a seller to a buyer, reducing the amount that the buyer owes to the seller under previous invoices.

Sarbanes Oxley

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures, influenced by financial scandals.

U.S. Exchanges

Marketplaces in the United States where securities, commodities, derivatives, and other financial instruments are traded.

U.S Companies

Businesses or corporations that are registered and operate within the United States.