In response to a risk identified during a fraud risk assessment, management decides to purchase fidelity insurance to help protect the company against the associated risk of loss This response is known as:

In response to a risk identified during a fraud risk assessment, management decides to purchase fidelity insurance to help protect the company against the associated risk of loss This response is known as:
A . Mitigating the risk
B . Assuming the risk
C . Avoiding the risk
D . Transferring the risk

View Answer

Answer: D