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Partnership
A legitimate business arrangement where two or more partners share both management responsibilities and profits.
Stockholders
Individuals or entities that own shares of stock in a corporation, granting them certain rights and privileges.
Internal Controls
Procedures and policies implemented by a company to safeguard its assets, enhance the reliability of its accounting records, ensure compliance with laws, and achieve effective and efficient operations.
Fraud Triangle
A model explaining the factors that cause someone to commit occupational fraud, consisting of opportunity, pressure, and rationalization.
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