4) Which of the following will nor reduce the likelihood of an occurrence of fraud? A) encryption of data and programs B) use of forensic accountants C) adequate insurance coverage D) required vacations and rotation of duties 5) remains after management implements internal control(s). A) Inherent risk B) Residual risk C) Risk appetite D) Risk assessment 6) Upon getting into your new car, you suddenly became worried that you might become injured in an auto accident. In response, you decided to drive 5 miles under the speed limit. You chose tothe risk of being injured in an auto accident. A) reduce B) share C) avoid D) accept 7) One of the key objectives of segregating duties is to A) ensure that no collusion will occur. B) achieve an optimal division of labor for efficient operations C) make sure that different people handle different transactions. D) make sure that different people handle different parts of the same transaction