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Business Risks and Internal Controls


2.1. Explain different types of business risks and its nature? For the recently audited organisation please identify the different business risk. 2.2. For your selected organization, explain the method of internal control mechanism in place? 2.3. Explain different types of fraud in an organization and suggest how these frauds can be detected? Did you see any kind of fraud in the organisation? If yes how did you detect it? If no then point out the potential threat area in your opinion.