Which of the Following Parties Is Responsible for Implementing Internal

question 89

Multiple Choice

Which of the following parties is responsible for implementing internal controls to minimize the likelihood of fraud?

• A) external auditors
• B) audit committee members
• C) management
• D) Committee of Sponsoring Organizations

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Definitions:

Fraudulent Investments

Investments schemes or opportunities that are deceptive, promising high returns with little to no risk, but are actually designed to defraud investors.

Racial-Ethnic Background

The ethnic and racial heritage of an individual, encompassing the cultural, social, and historical influences of their ancestors.

Arrested

The act of being legally detained by authorities for a suspected crime.

Sexual Violence

Any sexual act or attempt to obtain a sexual act by violence or coercion, acts to traffic someone or acts directed against a person's sexuality, regardless of the relationship to the victim.