The phrase "fraud risk" refers to the possibility or likelihood of someone trying to deceive or cheat others for personal gain. It means there is a chance of being deceived or tricked into a fraudulent scheme or scam. Full definition
Existing oversight bodies should perform targeted fraud audits focused on areas of risk or weakness through the annual fraud risk assessments. (populardemocracy.org)
First, if investors think corporate fraud is a common practice, they are more likely to place importance on assessing fraud risk when making investment decisions. (sciencedaily.com)
Do you have a checklist to get rid of accounting fraud risk? (basehitinvesting.com)