Smaller Entities Are Best Able to Overcome Their Absence of Safeguards

question 1

Multiple Choice

Smaller entities are best able to overcome their absence of safeguards by:

• A) implementing a strict segregation of duties policy.
• B) creating an audit committee.
• C) removing authority from the owner/manager.
• D) developing a culture that emphasises integrity, ethical values and competence.

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Definitions:

Standard Deviation

The measure of the dispersion or variation in a set of numbers, indicating how widely individuals within a dataset are spread from the mean.

Variance

A measure of how spread out a set of data is, calculated as the average of the squared differences from the mean.

Measurements

The size, length, or amount of something, determined by comparing it with a standard unit.

Birth Weights

Refers to the weight of a baby at the time of birth, an important factor in neonatal and future health.