Which of the following is FALSE regarding a fraud risk assessment?

The objective of the assessment is to help the organization identify what makes it most vulnerable to fraud.
The assessment should be used to improve employee fraud awareness
The assessment team should consider how employees behave as part of its assessment
The designation of an area as high risk should only occur if the assessment has conclusively revealed that fraud is occurring there.

Answer(s): D

Which of the following is NOT included in G20/OECD Principles of Corporate Governance (the Principles)?

Guidance regarding appropriate board structures, responsibilities, and procedures
Support for establishing stronger protection for foreign shareholders than for domestic shareholders
A request that governments have in place an appropriate framework to support good corporate governance practices
Recognition of the importance of the role of stakeholders in corporate governance

Answer(s): C

Which of the following is NOT an effective way to help prevent fraud through the organization's performance measurement and management programs?

Including ethics-based metrics as a component of performance evaluations
Providing regular training to ensure that all employees are sufficiently prepared to perform their tasks
Establishing loosely defined job descriptions that allow employees flexibility in their roles
Tying employee compensation to reasonable organizational performance goals

Answer(s): C