Which of the following is not true?

a. The Enterprise Risk Management process is intended to help entities achieve four goals: (1) strategic, (2) effective and efficient operations, (3) reliable reporting, and (4) compliance with laws and regulations.

b. The third most frequent detection method is management review in the form of budgets and standard costing, which reveals the benefit of these tools over the basic benefit of cost control and management by exception.

c. Because insurance companies receive high premium amounts for crime insurance, insurance companies are not likely to adjust annual premiums after a large claim that resulted in a large loss by the insurance company.

d. Risk scoring includes using predictors that are used as indicators of a control breach.

19. Which of the following about this course and occupational fraud is not true?

Group of answer choices

a. Motivation and opportunity are needed for crime to occur.

b. Occupational fraud has common elements to crime such as, an activity, an opportunity, and a victim.

c, The main technology used in this course was Access followed by Excel and SAS.

d. Occupational fraud is a betrayal of trust.

18.  Which of the following statements is true about embezzlement? 

Group of answer choices

a. Criminal laws can be broken in exceptional circumstances of the moment, with justifications such as self-defense, coercion or duress. These justifications are relevant to embezzlement cases.

b. The statute of limitations defense is based on a certain amount of time that passed since the time of the crime occurred. This limitation is relevant to embezzlement cases.

c. Claim of right exists when an individual takes property with the belief the property belonged to them. The case where a fraudster stole money from their employer, with the belief that the employer owed them has the claim of right defense. This is a relevant and useful defense in a fraud case.

d. Excuse defenses include duress. Excuse defenses are relevant to embezzlement cases.