Internal Audit Question: An organization uses a risk map with impact and likelihood values to...
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Accounting
Internal Audit Question:
An organization uses a risk map with impact and likelihood values to classify fraud. The classification for petty fraud is low likelihood and low impact. Based on this classification, the organization should
Select one:
a. pay little attention to the risk.
b. prevent the risk.
c. mitigate the risk with insurance or a backup plan.
d. contain and control the risk.
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