When It Comes to Defending Against Employee Fraud,regulators Look Favorably

question 31

Multiple Choice

When it comes to defending against employee fraud,regulators look favorably on companies that can demonstrate good __________ and best practices in operational risk management.

• A)Corporate governance
• B)Access to legal counsel
• C)Relationships with security vendors
• D)Awareness of industry standards

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Definitions:

UCC's Writing Requirements

refers to the stipulations under the Uniform Commercial Code that dictate when a contract must be in writing to be enforceable.

Written Agreement

A legally binding contract that is documented in a written format and signed by all parties involved.

Partial-Performance Exception

A legal principle allowing for the enforcement of an otherwise unenforceable contract due to one party's significant reliance on the agreement and performance.

Statute Of Frauds

A legal doctrine requiring certain types of contracts to be in written form and signed to be enforceable, aimed at preventing fraudulent claims.