Which of the following is not a true statement regarding the fraud risk assessment process?
A) It is more of a science than an art
B) To be most effective, it should be an ongoing, continuous process
C) It should be influenced by the culture of an organization
D) It is aimed at proactively identifying an organization's vulnerabilities to fraud

Question

Quizplus · Accepted Answer

The fraud risk assessment process is not purely a science, but rather involves subjective judgments and assessments of the organization's unique environment and culture. While there are objective data points and risk indicators that can be used, the process also involves input from individuals with knowledge of the organization's operations and culture.

Which of the Following Is Not a True Statement Regarding