Question

Q 7.25: The corporate officers at KLM Distributors require the head of the information services department to attend monthly conferences related to emerging technology and potential for fraud. Which aspect of internal control is KLM addressing?

Answer 1

The correct answer is: risk assessment.

Step-by-step explanation:

Risk assessment is tool companies use at the moment of gathering information about potential risks that can impact the company's operations and how to mitigate them in case they appear. It is a continuous process a firm develops along with risk management which is in charge of creating the strategies that would be implemented at the moment of dealing with risks.