Practice Quiz

Forensic Accounting

Category - Specialized Forensic Knowledge

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How often should fraud risk assessment be performed?
  1. Once per year
  2. Once every three years
  3. Once per accounting year
  4. Biannually
Explanation
Answer: C - Fraud risk assessment should be performed at least once per accounting year. Fraud risk assessment is one way of mitigating any risk of fraud.
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