Which of the Following Statements Best Describes the Act of Collusion

Multiple Choice

Which of the following statements best describes the act of collusion?

A) Collusion is caused by an overstatement of ending inventory.
B) Collusion is an intentional act of two or more employees to accomplish theft of company assets.
C) Collusion is one of the necessary outcomes of a system of internal control over financial reporting.
D) Collusion is enhanced by an effective system of independent reconciliations and other checks on recorded amounts.