The Leading Internal Control to Prevent Fraud at an Organization

question 66

Short Answer

The leading internal control to prevent fraud at an organization is __________.For example,when handling a company's assets,the work of managers or employees must be subject to approval or authorization by another person.

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Definitions:

Wage Garnishment

A court-ordered process that requires an employer to withhold a portion of an employee's wages and send it directly to the creditor until a debt is paid off.

Exempt Property

Property that is protected by law from being taken by creditors or in bankruptcy proceedings, typically including a primary residence, clothing, and basic household furnishings.

Designated Amount

A specific sum of money that has been allocated for a particular purpose or recipient.

Federal Consumer Credit Protection Act

Legislation that aims to ensure fair and informed use of consumer credit, including provisions on disclosure of credit terms and protecting consumers from unfair practices.