What Is The Case Of Wells Fargo Fraud Risk

In the case of Wells Fargo, one of the fraud risk factors was increased pressure to achieve sales targets. By employing the COSO FRM principle 2: “The organization performs comprehensive fraud risk assessments to identify specific fraud schemes and risks, assess their likelihood and significance, evaluate existing fraud control activities, and implement actions to mitigate residual fraud risks” the Wells Fargo would easily identify and assess such risk factors. Furthermore, help to mitigate similar
fraud.