Lesson: Fraud & General Risk at All Levels Practice Questions

In this lesson, Nick Palazzolo walks through a set of practice questions related to fraud risk and general risk within an organization. He analyzes different scenarios of potential fraud, such as who is in the best position to perpetrate material fraud within a company, and an example involving a bookkeeper struggling to pay medical bills. Nick discusses the fraud triangle, including incentive, opportunity, and rationalization, and demonstrates how to identify which part of the triangle applies to a specific example. This lesson helps viewers gain a better understanding of fraud risk and the factors that contribute to it.