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Collusion
An illegal agreement between parties to deceive or defraud others, often involving price-fixing or the manipulation of markets.
Segregation of Duties
A key internal control that aims to reduce the risk of fraud and error by dividing responsibilities among different people or departments.
Employee
An individual who works part-time or full-time for another person or company in exchange for salary or wages.
Internal Control System
A process implemented by a company to provide reasonable assurance regarding the achievement of objectives related to operations, reporting, and compliance.
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