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The results of the fraud eisk assessment indicates that the risk of petty cash abuse ranked as low. The amount of funds at risk is
The results of the fraud eisk assessment indicates that the risk of petty cash abuse ranked as low. The amount of funds at risk is limited, and the cost to implement any additional controls to address potential abuse would most likely outweigh the associated benefit to the organization. Which of the following responses would be most appropriate in this situation?
a. Transfer the risk.
b. Mitigate the risk.
c. Accept the risk
d. Avoid the risk
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