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How do you think fraud risk assessments can help deter and detect fraud within an organization?...

How do you think fraud risk assessments can help deter and detect fraud within an organization? (150-200 word response)

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Fraud risk assessment can help to deter and detect fraud within an organisation as it involves at various levels of management and all business levels. It may include fraud schemes that anticipate fraudulent actions of the organisation. It mitigate fraud risk by reviewing internal controls. It increases the visibility of management attitude towards mitigate fraud risks. It act as a check on misconduct and fraudulent behaviour of the management. Fraud risk assessment can play a significant role towards mitigate the collusion and override behaviour of employees which impact detecting and deterrence of fraud.

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