An Important Control That Can Be Used to Reduce the Risk

question 99

Multiple Choice

An important control that can be used to reduce the risk of employee kickbacks is

• A)surveillance cameras.
• B)job rotation.
• C)off-site restrooms.
• D)use of ID badges.

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Definitions:

Internal Revenue Code

The comprehensive set of tax laws and regulations in the United States governing federal tax obligations.

Tax Status

Refers to the classification of an entity or individual for tax purposes, based on criteria like income, employment, or ownership structure, affecting tax responsibilities.

Declaring Dividends

The action by a company's board of directors to distribute profits to shareholders in proportion to the amount of shares they own.

Significant Policy Decisions

Refers to important choices made by governments or organizations that influence the direction of policies or actions.