Which of the Following Statements Best Describes the Act of Collusion

question 203

Multiple Choice

Which of the following statements best describes the act of collusion?

• A)Collusion is caused by an overstatement of ending inventory.
• B)Collusion is an intentional act of two or more employees to accomplish theft of company assets.
• C)Collusion is one of the necessary outcomes of a system of internal control over financial reporting.
• D)Collusion is enhanced by an effective system of independent reconciliations and other checks on recorded amounts.