Answer:
Reducing risk
Explanation:
The two ways by which risk can be managed are;
✓ Risk avoidance
✓ risk reduction
risk reduction are activities needed to bring about lower likelihood of risk as well as severity of loss. We can reduce risk through reduction of allocation of our resources to risky situation. An example of reducing risk is in the instance of Financial markets that are making the process of borrowing large amounts of money easier because they simplify the negotiation process between borrowers and lenders.
The employers look for potential employees that they think would be a good fit and have good qualities.
Answer:
One of the hardest challenges in product management is getting people aligned—especially if they have different reporting lines and objectives. Here it helps to remember that our job is not to have all the answers—but to ask the best questions.
Explanation:
Answer:
Misstatement is referred to as errors in the presentation of financial information that could lead to wrong decision by the users
Explanation:
Occurrence : Issuing of dummy invoices for sales that did not occur
Completeness: Sales invoice were not fully recorded due to omission or misplacement
Authorization: Sales are not approved by the responsible manager. No authorized signature
Accuracy : Casting of sales figure on the register is not correct.
Cutoff : Sales are not recorded in the proper accounting period. January sales being recorded in the previous year account.
Classification : Grants being wrongly recorded as revenue
Presentation : Exaggerated revenue.
