The Primary Responsibility for Preventing Fraud in an Organization Lies

question 38

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:

Organizational Culture

The shared values, beliefs, and norms that influence the way employees in an organization interact and work together.

Management Process

A systematic approach involving planning, organizing, leading, and controlling an organization's resources to achieve specific goals.

Organizational Objectives

Organizational objectives are specific, measurable, achievable, relevant, and time-bound goals that an organization aims to achieve to fulfill its mission.

Manage People

The practice of leading, motivating, and directing employees to achieve organizational goals.