Which TWO should you include in your Know Your Employee preventative control process? a. Hire a detective to investigate b. Require original document c. Check all bank account transactions for the last three months d. Personal credit check The best controls for fraud prevention are process-embedded controls a. True b. False A vendor sends you an email updating their payment information and requests that you acknowledge receipt by replying to the email or telephoning the number provided. What should you do? a. Ignore the email b. Reply to the email c. Telephone the number provided d. Telephone the number you have in your system Which Line of Defense owns customer risk? a. Business b. Compliance c. Internal audit d. External audit Which is the best strategy for preventing fraud? a. Assign fraud prevention duties to the 3rd Line of Defense b. Assign fraud prevention duties to all Lines of Defense C. Assign fraud prevention duties to audit d. Hire a third-party provider for fraud prevention A fraud risk assessment must be customized to your organization. I a. True b. False You should include vendors and customers in your fraud risk training program. a. True b. False Which should you not do when investigating fraud? a. Document steps to improve controls b. Retain fraudster while determining how the fraud was committed. c. Determine the fraud amount d. Document all findings