To Maximize the Effectiveness of the Fraud Risk Assessment Process

question 3

True/False

To maximize the effectiveness of the fraud risk assessment process, the fraud risk assessment team should include both facts and opinions in its report.

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Definitions:

Mum Effect

The phenomenon where individuals are reluctant to share bad news or negative feedback to avoid uncomfortable situations or reactions.

Silence

The absence of sound or the state of being quiet, often implying a lack of communication or the withholding of comment.

Constructive Expression

A mode of communication that is both positive and helpful, aiming to improve or provide valuable feedback.

Organizational Practices

The routine behaviors and standard procedures that are carried out within an organization to operate effectively.