Develop a comprehensive financial risk mitigation strategy to minimize expenses and enhance operational efficiency within your chosen organization. The objective is to implement industry$-$leading techniques for mitigating financial risks and preventing fraud in the company's operations. Thorough research will be conducted to identify the most effective risk mitigation practices in the industry, which will then be integrated into the company's risk mitigation plan accordingly. The final outcome will be a well$-$presented financial risk mitigation plan tailored specifically for your selected company.

Provide an analysis of a chosen corporation, its business activities, and the sector it operates in$,$ then assess these aspects in order to create a strategy for minimizing financial risks.

Provide an assessment of a minimum of three prevalent forms of financial fraud within the chosen company and its related industry, accompanied by an elaborate explanation of each type of financial fraud and its potential occurrence.

Please suggest a minimum of two strategies for reducing financial risk and preventing fraud by utilizing financial methodologies, audit procedures, and industry standards commonly employed to manage financial risk.