9:45 PM Mon Jul 6 45% 1:08:02 Exit A manufacturing firm identified that it would have difficulty sourcing raw materials locally, so it decided to relocate its production facilities. According to COSO, this decision represents which of the following responses to the risk? Prospect theory Risk sharing Risk acceptance Risk reduction 4. When an organization has strong internal control, management can expect various benefits. The benefit least likely to occur is Reduced cost of an external audit. Some assurance of compliance with governmental regulations. Improvement in the reliability and integrity of information for decision-making purposes. Elimination of employee fraud