All of the Following Are Examples of a Weak Control

question 133

Multiple Choice

All of the following are examples of a weak control environment EXCEPT:

• A)a domineering CEO.
• B)a weak or conflicted Board of Directors.
• C)lax ethical practices.
• D)proper segregation of duties.

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Definitions:

Depositor's Balance

The current amount of money held in a depositor's account at a financial institution, reflecting all transactions.

Suspected of Fraud

Being under suspicion for intentional deception to secure unfair or unlawful gain.

NSF

An abbreviation for "Non-Sufficient Funds," indicating that a bank account does not have enough money to cover a check or withdrawal.

Bank Statement

A bank statement is a summary of financial transactions that occurred at a banking institution over a specific period of time.