Which of the Following Statements Is True Regarding Internal Controls

Multiple Choice

Which of the following statements is true regarding internal controls of capital and investment processes?

A) Internal controls aimed at preventing and detecting employee fraud in capital and investment processes are not as effective.
B) Top management fraud, rather than employee fraud, is more likely to occur.
C) Any fraud is likely to involve manipulating capital and investment processes.
D) Because of top management oversight, the auditor need not review these processes.