Which of the Following Statements Is True Regarding Internal Controls

question 89

Multiple Choice

Which of the following statements is true regarding internal controls of capital and investment processes?

• A)Internal controls aimed at preventing and detecting employee fraud in capital and investment processes are not as effective.
• B)Top management fraud, rather than employee fraud, is more likely to occur.
• C)Any fraud is likely to involve manipulating capital and investment processes.
• D)Because of top management oversight, the auditor need not review these processes.