What is an expected output of a fraud risk assessment?

What is an expected output of a fraud risk assessment?

• A. Identified risk factors
• B. Marketing plans
• C. Payment schedules
• D. Employee training diaries

Answer: (A)

Fraud risk assessments focus on uncovering where fraud could occur within an organization. The expected output is a documented set of identified risk factors—specific vulnerabilities or scenarios that could enable fraud, along with their potential impact and likelihood, often with initial ideas for mitigation. This helps prioritize which areas to strengthen and which controls to implement first. Other items like marketing plans, payment schedules, or training diaries relate to different activities (strategy, cash management, or training tracking) and do not represent the findings of a fraud risk assessment, so they aren’t the outputs you’d expect from this process.