Cfe exam coach qa 2023 - Study guides, Class notes & Summaries

In response to a risk identified during a fraud risk assessment, management decides to eliminate an asset or discontinue an activity because the control measures required to protect the organization against the identified threat are too expensive. This response is known as: a. Mitigating the risk b. Avoiding the risk c. Assuming the risk d. Transferring the risk - Answer- When responding to the organization's residual fraud risks, management may decide to avoid a risk by eliminating an as...