ESSENTIALS OF FORENSIC ACCOUNTING The first line of defense in minimizing fraud risk is a. Fraud detection. b. Fraud investigation. c. Fraud correction. d. None of the above. 17. 8. Which of the following is not a standard area or type of fraud preventive control? a. Human resources. b. Antifraud training c. Authority limits d. All of the above are standard areas or types of fraud preventive controls. 19. Generally speaking, which of the following is most likely to detect fraud? a Internal audits b. External audits. c. Hotlines. d. None of the above. Fraud detection is furthered by process controls. Such controls are designed to detect a. Fraud only b. Errors only c. Both fraud and errors. d. None of the above. 20, 21. All violations of the organization's code of conduct should be reported and dealt with in a timely mannet Apt propriate punishment should be applied a. To all violators, except for the CEO. b. To all violators, except for the internal auditor. c. To all violators, except the CFO d. None of the above are correct 22. The process of evidence collection must proceed according to a correct sequence. Wh correct sequence? a. Review documents and other relevant information and then conduct interviews. b. Conduct interviews and then review documents and other relevant information. c. Conduct interviews while reviewing documents and other relevant information. d. None of the above. 23. Investigations should always end with a report of the investigation. If a suspect has confessed to frad. a. Be appropriate to indicate the saspects guilt in the report. b. Be appropriate to indicate the suspect's guilt in the report if the suspect has freely signed a wie sion that is absolutely clear, properly drawn, and witnessed. Not be appropriate to indicate the suspect's guilt in the None of the above. c. d. SHORT ANSWER QUESTIONS . The board of directors typically delegates its risk 2. Who is responsible 3. What are the three key elements of fraud risk a for designing and implementing the fraud risk managsmnt responsibilities to whom