Forensic Accounting
Chernor
9.rtf
ASSESSMENT # 9
Total Marks: 30
Fraud Risk Assessment
Give short answers for the following questions: (20)
- Outline the factors on which fraud risk assessment depends.
- What are the main concepts about risk assessment?
- What are the internal factors that should be considered for fraud risk assessment?
- What is ‘inherent risk’?
- Define the term ‘residual risk’.
Prepare a fraud - risk assessment check list for any business of your choice. (10)
Requirements:
- Use Havard format for citations and references
- Marking Criteria: We expect the learners to write minimum one well expressed point in three lines against each allocated mark. This means one needs to write 15 lines with 5 well expressed points to get high grades for a 5 marks question with complete in-text citations and referencing
- For high grades use examples and illustrations where appropriate.
