What Are the Actions Recommended by the Treadway Commission to Reduce

question 45

Essay

What are the actions recommended by the Treadway Commission to reduce the possibility of fraudulent financial reporting?

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Definitions:

Logical Necessity

A condition or proposition that cannot be otherwise because of the inherent nature of logic or rationality.

Metacognition

The ability to think about one’s own thought processes.

Strategic Knowledge

Involves an understanding of knowing when and why to use particular strategies for learning or problem-solving.

Formal Operational Thinking

This stage, identified by Jean Piaget, is the final stage of cognitive development (usually beginning around age 12), where individuals learn to think abstractly and reason about hypothetical problems.