Which of the Following Factors Is the Most Significant Contributor

question 10

Multiple Choice

Which of the following factors is the most significant contributor to fraud risk?

• A) Poor physical security
• B) Poor internal controls
• C) Poor ethical culture
• D) Poor hiring practices

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Definitions:

Vocational School

An educational institution that provides training and skills for specific trades or careers, focusing on practical job-related skills.

Revenue Variances

The difference between actual revenue and budgeted or forecasted revenue, indicating if a business is performing above, on, or below expectations.

Spending Variances

Differences between actual spending and budgeted amounts in a company's budget, indicating over or underspending.

Departmental Managers

Individuals responsible for overseeing the operations of specific departments within an organization, ensuring goals and objectives are met.