Which of the Following Is a Fraud Mitigation Procedure Recently

question 24

Multiple Choice

Which of the following is a fraud mitigation procedure recently instituted in many companies?

• A) Demoted compliance personnel.
• B) Performance audits.
• C) External audit.
• D) Management code of conduct.
• E) Employee hotline.

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Definitions:

SEC

The U.S. Securities and Exchange Commission, a federal agency that regulates the securities markets to protect investors.

Securities Offerings

The process of issuing new securities for sale to investors, typically to raise capital for a corporation or government entity.

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry and stock and options exchanges.

Letter of Comments

A document often issued by auditors or regulatory bodies outlining concerns, observations, or requests for clarification on specific points in a financial report or audit.