Policies and Procedures Designed to Reduce the Opportunities for Fraud

question 42

Multiple Choice

Policies and procedures designed to reduce the opportunities for fraud are often called:

• A) Internal controls.
• B) Asset source transactions.
• C) Accounting standards.
• D) Financial systems.

---

Definitions:

Identity Diffusion

A status of psychological development in which an individual has not yet undergone an identity crisis or committed to any goals, values, or roles.

Parenting Style

The manner in which parents rear their children, characterized by the combination of strategies, attitudes, and behaviors used to raise offspring.

Permissive

Refers to a parenting or leadership style characterized by a high level of responsiveness and low demands, where rules are minimal and children are largely allowed to regulate their own behavior.

Neglectful

Neglectful describes a lack of proper care, attention, or failure to fulfill responsibilities towards others, particularly in the context of caregiving relationships.