The Primary Way That Fraud and Errors Are Prevented Is

question 4

True/False

The primary way that fraud and errors are prevented is by external auditors.

---

Definitions:

Third-party Beneficiary

An individual or legal entity that gains a benefit from a contract despite not being one of the primary parties involved.

Creditor Beneficiary

A third party that benefits from a contract wherein the promisor agrees to pay the promisee's debt to the beneficiary.

Donee Beneficiary

A third party who stands to benefit from a contract, especially when the contract is intended as a gift to that third party.

Assignor

An individual or entity that transfers rights or interests in a contract to another, known as the assignee.