What Is the Most Likely Way to Deter Fraud

question 22

Multiple Choice

What is the most likely way to deter fraud?

• A) Interview every employee on a regular basis
• B) Implement a good system of controls
• C) Keep management involved in company procedures
• D) Threaten employees that perpetrators will be fired

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Definitions:

Repudiation

In a contractual context, repudiation refers to one party's clear indication that they will not fulfill their contractual obligations, leading to a breach of contract.

10-Speed Touring Bicycle

A type of bicycle designed for long-distance riding, equipped with a gear system that has ten different speeds.

Constructed

Built or formed by putting together different parts or elements.

Contracted

Engaged in a formally agreed-upon arrangement, typically involving work or services in exchange for compensation.