Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. management is responsible for identifying and meas

Management is responsible for identifying and measuring fraud risks. What are some of the challenges management...

80.2K

Verified Solution

Question

Accounting

Management is responsible for identifying and measuring fraudrisks. What are some of the challenges management face inmitigating risk?

Answer & Explanation Solved by verified expert
3.9 Ratings (574 Votes)
Answer Management is responsible for identifying and measuring fraud risks Some of the challenges that management faces in identifying and mitigating risk will be employee frauds The fraud will be committed by the employee only when there is opportunity to do This happens because of improper controls system So only many standers have risen to guide the companies in how to maintain adequate internal control system Also SarbanesOxley Act of    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Civil Engineering
1.2K views

Please describe the relationship between the various structural and functional properties for various materials (metal, ceramics and...

Physics
1.2K views

A 200 gram of ice block falls from a height of 80 meters onto a bucket...

Electrical Engineering
1.2K views

Write a MATLAB code to obtain the following. Keep your code commented whenever required. Copy your...

Biology
1.2K views

What is the most likely reason the new people made som Americans angry? A The...

Biology
1.2K views

EXPECTED RESULTS 1 In the environments you sampled which will have the greatest amount of...

Accounting
1.2K views

Which of the following consequences of increasing the debt of the firm causes the WACC...

Accounting
1.2K views

Answer the above multiple choice questions Using this information, complete the following statements to include...

Accounting
1.2K views

A special-purpose 30-horsepower electric motor has an efficiency of 89%. Its purchase and installation price...

Accounting
1.2K views

Wren Ltds final trial balance on 30 June 2023 (end of the reporting period) included...

Accounting
1.2K views

Chapter 2: Applying Excel Data Markup on job cost 75% Department Machine-hours Direct labor-hours...

Accounting
1.2K views

Biotech Limited Financial year end 30 June 2020 You are an auditor in...

Finance
1.2K views

Explain the differences between universal design and accessible design by giving at least three examples...