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Which of the following is a categorical proposition?
Internal Controls
Internal controls are processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Independent Accounting Firms
External organizations specializing in auditing, tax, and advisory services to ensure financial statements' accuracy and compliance with regulatory standards.
Collusion
An agreement between two or more parties, often secretly, to limit open competition by deceiving, misleading, or defrauding others of their legal rights.
Fraud Prevention
Strategies and measures employed by organizations to detect, prevent, and protect against fraudulent activities or financial irregularities.
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