Week 3 - Detection Risk Challenges Flashcards
1
Q
What is the first challenge with detection risk?
A
Inadequate testing of key areas
2
Q
What is the second challenge with detection risk?
A
Being misled by managers because of incomplete knowledge of the business - relying on them
3
Q
What is the third challenge with detection risk?
A
Failing to identify areas where frauds could be committed
