Which of the Following Are Not Controls That Can Be

question 81

Multiple Choice

Which of the following are not controls that can be instituted to prevent financial fraud?

• A)Separate duties where a single person carrying out a series of tasks could not commit fraud and hide it.
• B)Hire internal auditors.
• C)Have independent auditors review a company's internal controls.
• D)Have the bank independently reconcile cash balances with company records.

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Definitions:

International Cartel

An agreement among businesses or countries from different countries to control prices, limit competition, or divide markets.

Fix Prices

The practice of setting and maintaining prices at a certain level, often agreed upon by competitors or mandated by regulation, rather than allowing them to be determined by market forces.

Intel

A leading multinational corporation that specializes in the development of semiconductor chips and microprocessors used in computers.

Danfoss

A global company specialized in engineering solutions, often focusing on energy-efficient, climate-friendly technologies.