Organizations Can Eliminate Opportunities to Commit Fraud by

question 47

Multiple Choice

Organizations can eliminate opportunities to commit fraud by

• A) Accurately identifying sources and measuring risks
• B) Implementing appropriate preventative and detective controls
• C) Creating widespread monitoring by employees
• D) Installing independent checks and effective audits
• E) All of the above.

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Definitions:

Reconciling

The process of making one account or situation consistent with another, often involving the resolution of discrepancies.

Practice Records

Documentation kept by healthcare providers regarding the care and services provided to patients, often used for improving the quality of care.

Bank Statement

A bank statement is a summary of financial transactions that occurred over a given period on a bank account held by a person or business.

Third-Party Endorsement

A recommendation or approval of a product, service, or individual by an independent, external entity, often used in marketing to build trust.