Multiple Choice
Even with the best possible internal control system in place, its effectiveness still depends on what?
A) Creating an expectation of punishment.
B) Identifying the nature of the risks involved and the losses that could result from these risks.
C) The competency and dependability of the people enforcing it.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q46: The following must be done before a
Q47: A "right-to-audit" clause<br>A) Alerts the company that
Q48: Fraud is most commonly detected through _.<br>A)
Q49: In order to minimize fraud, a fraud-savvy
Q50: The responsibility for preventing fraud is often
Q52: Even with internal control procedures in place,
Q53: Having a manager watch over employee's shoulders
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