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The objectives of a fraud risk management program include:
Correct Answer: D
Objectives of a Fraud Risk Management Program: A). Proactively identifying fraud risks:A fundamental goal is to identify and assess potential fraud risks to implement preventative measures. B). Limiting the damage caused by fraud occurrences:Programs should have mechanisms in place to detect and respond to fraud promptly to minimize harm. C). Punishing fraud perpetrators:Punishment serves as both a deterrent and a means of reinforcing the organization ' s commitment to ethical behavior. Comprehensive Objective Coverage: Effective fraud risk management includes preventative, detective, and corrective measures. Conclusion:All the listed objectives are essential components of a fraud risk management program. References:ACFE guidelines on designing and implementing fraud risk management programs.