Which of the following is FALSE regarding the process of defining the objective of the fraud risk management program?

Management should examine previous fraud occurrences to determine how the ideal fraud risk management program would have prevented tnem.
Management must balance the investment in anti-fraud controls with the benefit of those controls and the amount of risk it is willing to accept.
Management must assign a quantitative measure to its risk appetite so that it can accurately measure the fraud risk management program's effectiveness.
Management should tailor the detailed objectives of the fraud risk management program to the organization's specific needs and goals.

Answer(s): C

Which of the following is an example of organizational crime?

A sales manager using a corporate credit card for personal expenses
Management of several pharmaceutical companies engaging in a price fixing scheme
An insurance claims agent conspiring with customers to file false insurance claims and share the proceeds
An HR employee adding a ghost employee to the payroll and misappropriating the paychecks

Answer(s): B