Question

According to COSO's managing the business risk of fraud: a practical guide, who is responsible for managing the risk of fraud is?

A) Senior level management

B) Financial statement auditors

C) Chief information officer

D) Personnel at all levels of the organizatio-including every level of management, staff, and internal auditors, as well as the organization's external auditors- have responsibility for dealing with fraud risk.

Answer 1

Ans: D

Personnel at all levels of the organizatio-including every level of management, staff, and internal auditors, as well as the organization's external auditors- have responsibility for dealing with fraud risk.​​

Reason:-

Every person in the organisation has responsibility for dealing with fraud risk.