Preventive and Corrective Controls Are Established Solely to Discourage Fraud

question 48

True/False

Preventive and corrective controls are established solely to discourage fraud and embezzlement by an organization's employees.

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Definitions:

Operational Definition

A clear, precise description of a variable in terms of the procedures used to measure or manipulate it.

Theory

A systematic set of ideas intended to explain phenomena, based on general principles independent of the thing to be explained.

Observed Phenomena

Events or occurrences that have been noticed and recorded, especially ones that are unusual or of scientific interest.

Iterative

Pertaining to a process that repeats, usually with the intention of approaching a desired goal or outcome.