The Primary Responsibility for Preventing Fraud in an Organization Lies

question 14

Multiple Choice

The primary responsibility for preventing fraud in an organization lies with:

• A)the audit committee of the board of directors.
• B)the internal audit function.
• C)the external auditor.
• D)the organization's management.

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Definitions:

Attention Seekers

Individuals or entities that seek to captivate interest or engage others through various means to gain recognition or popularity.

Prurient

Having or encouraging an excessive interest in sexual matters.

Validation

The process of ensuring that a product, service, or system meets the needs of the user and fulfills its intended purpose.

Altruistic

Describing actions or behaviors motivated primarily by the desire to help others or contribute to their welfare, without expectation of personal benefit.