Well-Designed Internal Control That Is Functioning Effectively Is Most Likely

question 86

Multiple Choice

Well-designed internal control that is functioning effectively is most likely to detect a fraud arising from:

• A)The fraudulent action of several employees.
• B)The fraudulent action of an individual employee.
• C)Informal deviations from the official organization chart.
• D)Management fraud.

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Definitions:

Adjudication

The legal process of resolving a dispute or deciding a case.

Federal Statute Law

Laws enacted by the national government of a country and applicable across its entire territory.

Intellectual Property Rights

Legal protections granted to creators and owners of original works, inventions, or trademarks, ensuring exclusive rights to use, sell, or license their creations.

Tenth Amendment

The Tenth Amendment to the United States Constitution, part of the Bill of Rights, emphasizes the federal system of government, reserving powers not delegated to the United States by the Constitution, nor prohibited by it to the states, to the states respectively, or to the people.