The Second Step to Develop an Approach to Fraud Detection

question 13

Multiple Choice

The second step to develop an approach to fraud detection is to:

• A) develop an understanding of the control environment.
• B) develop a system of internal controls.
• C) define the authority of the audit committee.
• D) identify the members of internal audit and the audit committee.

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Definitions:

Discriminated

Treated unfairly or unjustly in comparison with others, especially on the grounds of race, age, sex, or disability.

HR Function

Encompasses all the tasks and processes related to managing the human resources of an organization, including recruitment, selection, training, and benefits administration.

Performance Management

The ongoing process of communication and evaluation to support, improve, and evaluate employee performance in alignment with organizational goals.

Self-rating

The process by which an individual evaluates their own performance, skills, or qualities, often in a workplace or academic setting.