Which of the following represents a residual risk for a services company?
A)Two employees are colluding to facilitate theft.
B)All checks require two signatures.
C)Bank accounts are reconciled weekly.
D)A manager reviews all account reconciliations.

Question

Quizplus · Accepted Answer

Two employees colluding to facilitate theft represents a residual risk, as it may not have been identified by existing controls and could still occur despite measures in place such as dual signatures and weekly reconciliations. The other options are risk mitigation measures already in place.

Which of the Following Represents a Residual Risk for a Services