17. According to principle no 2, a fraud risk assessment is a _________ and __________ process foridentifying and assessing fraud risks relevant to the organization.
18. Based on 3rdprinciple of FRM, a fraud control activity is an action established through _________ and__________ that helps ensure that management’s directives to mitigate fraud risks are carried out.
19. Fraud risk governance is an integral component of ________ and __________
20. “The organization establishes and communicates a FRM Program that demonstrates the expectationsof the board of directors and senior management and their commitment to high integrity and ethical values regarding managing fraud risk.”The statement is part of COSO FRM’s 5 principles and it is principle no
Which of the following statements is true?