In a Fraud Risk Assessment (FRA), which of the following is NOT a key category of fraud risks?

In a Fraud Risk Assessment (FRA), the identification of fraud risks is crucial for establishing effective controls and mitigating potential losses. The key categories typically recognized include revenue and assets obtained by fraud, misappropriation of assets, and fraudulent financial reporting. These categories directly relate to the potential threats that can impact an organization's financial integrity and operational viability.

Employee performance reviews, while important for evaluating staff and ensuring productivity, are not typically classified as a category of fraud risk in the context of an FRA. Performance reviews focus on employee effectiveness and do not inherently indicate or assess fraud risks. Therefore, it is essential to distinguish between operational HR practices and fraud risk considerations, as the latter relates specifically to actions that deliberately deceive for personal gain at the expense of the organization.