. Which of the following statements is false?
- The SEC requires all corporations to have fraud prevention plans.
- Risk management should be adequate to eliminate residual risk.
- Responses to risk include avoidance, transfer, and allocution.
- The tone at the top is best assessed by focus groups of lower level employees.
a. I only.
b. I and II only.
c. I, II, III, and IV.
d. II and III only.