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The results of the fraud risk assessment indicates that the risk of petty cash abuse ranked as low. The amount of funds at risk and
The results of the fraud risk assessment indicates that the risk of petty cash abuse ranked as low. The amount of funds at risk and the cost to implement any additional controls to address potential abuse would most likely outwelgh 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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