The Principle Mechanism for Deterring Fraud Is Internal Controls

question 56

Multiple Choice

The principle mechanism for deterring fraud is internal controls. The primary responsibility for establishing and maintaining these controls rests with

• A) The internal auditors
• B) Management
• C) Corporate security
• D) Independent auditors

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Definitions:

Craze

A widespread emotional connection to a cultural phenomenon.

Fad

A trend or craze that becomes popular for a short period of time before losing its appeal.

Trend

A general direction in which something is developing or changing, often used to describe shifts in societal preferences, technology, or markets.

Conventional Crowd

A collection of people who gather for a structured social event.