After identifying fraud risks, the assessment process should encourage all of the following EXCEPT:

The assessment process in identifying fraud risks should promote an open and proactive environment, which is crucial for effective fraud management. Encouraging secrecy about vulnerabilities runs contrary to the principles of transparency and collaboration that are essential for a successful fraud prevention strategy. By keeping vulnerabilities secret, an organization may inadvertently create an atmosphere where fraud risks are not adequately addressed or mitigated, as employees may not be aware of them and, therefore, unable to take necessary precautions.

In contrast, education on fraud awareness helps equip employees with the knowledge to recognize potential fraud scenarios, while action planning for fraud mitigation emphasizes the importance of developing specific strategies to address identified risks. Organizational alignment towards fraud management ensures that all departments work towards a common goal of preventing and detecting fraud, reinforcing a culture of integrity and vigilance. These practices contribute positively to fostering a resilient organization against fraud.