A series of incidents over the past year reveals several members of senior management possess a limited understanding of the concept and impact of fraud. Which of the following would be the most effective way to approach this issue?

Question

Aung Hain Htet · Accepted Answer

The organization should conduct training sessions on fraud, which should be attended by senior management and staff.

Aung Hain Htet · Answer

The board should ask the internal audit activity to perform additional assurance engagements.

Aung Hain Htet · Answer

A comprehensive fraud risk assessment and management program should be carried out.

Aung Hain Htet · Answer

Anti-fraud and whistleblowing policies should be implemented and their importance should be clearly stated.

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