Where Does the Responsibility for Preventing and Detecting Fraud Rest

question 57

Multiple Choice

Where does the responsibility for preventing and detecting fraud rest?

• A)With client management and those charged with governance
• B)With the auditors
• C)Solely with the CEO
• D)Solely with the CFO

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Definitions:

Lean Principle

A methodology focused on minimizing waste within manufacturing systems while simultaneously maximizing productivity.

Wait Time

The period a customer or process needs to wait before an action is taken or service is provided, often a measure of efficiency.

Lean Production Layout

An organizational strategy focused on reducing waste within manufacturing systems while ensuring quality and productivity improvements.

Decentralized Maintenance

A strategy where maintenance activities are distributed among various departments or sections of a business, rather than being centrally managed.