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31 May, 06:16

What is the term used to describe the policies and procedures that are designed to reduce the opportunities for fraud?

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  1. 31 May, 06:41
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    The term used is known as Risk Assessment Procedures

    Explanation:

    These audit procedures are applications to obtain knowledge about the entity and its environment, including its internal control, our objective is to identify and assess the risks of material misstatement, due to fraud or error, both in the financial statements of the company as in the concrete statements contained in decisions.
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