Which of the following is the first step in the process of identifying relevant fraud risk factors?

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Nael Abal · Accepted Answer

The use of brainstorming, management interviews, analytical procedures and review of prior frauds.

Nael Abal · Answer

Identifying preventive and detective controls

Nael Abal · Answer

Gathering information about the organization's business activities to gain an understanding of fraud risks

Nael Abal · Answer

Engaging in strategic reasoning to anticipate the fraud scheme

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