the process of conducting a fraud risk assessment includes which of the following

1. identify inherit fraud risks

2.investigate fraud risks immediately

3. assess impact and likelihood of identified risks

4.develop responses to those risks that have a sufficiently high impact and likelihood to respond in a potential outcome beyond management's tolerance

a. 2,3 4

b. 1,2,3

c. 1,2,4

d. 1,3,4