A Reason Why Rogue Traders Have Bankrupt Their Banks Is

question 142

Multiple Choice

A reason why rogue traders have bankrupt their banks is due to

• A)the separation of trading activities from the bookkeepers.
• B)stringent supervision of trading activities by bank management.
• C)accounting errors.
• D)a failure to maintain proper internal controls.

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Definitions:

Billing Disputes

Conflicts between customers and service providers over charges, fees, or the accuracy of accounts receivable.

Credit Card Bill

A statement sent to a credit card holder detailing transactions, payments, and outstanding charges within a billing cycle.

Employment Status

The classification of a worker, determined by method of compensation and level of control, influencing rights and obligations.

Marital Status

A person's legal standing in terms of being married, single, divorced, or widowed.