Reference no: EM132451328

Management's disregard for internal controls has created renewed concern among internal auditors and audit committees that cases of occupational fraud are rising. Without a monitored internal control system, inherent risks of fraud increase when a company has not developed a fraud detection risk plan.

Question 1: Research fraud detection risk plans using the ACFE 2018 Report to the Nations

Question 2: Describe detection risk as it applies to the misguided use of internal controls by management to cover up their fraudulent acts.

Question 3: Identify the steps taken to determine how one would ascertain the company's detection risks or devise a method that differs from what you researched that meets the standards set forth by the ACFE2018 Report to the Nations.

Question 4: Apply these steps to a company of your choice and discuss how these steps mitigate the risk of fraudulent financial management activity.

Attachment:- management.rar