Policies and Procedures Designed to Reduce the Opportunities for Fraud

question 145

Multiple Choice

Policies and procedures designed to reduce the opportunities for fraud are often called:

• A)accounting principles
• B)asset source transactions
• C)internal controls
• D)financial systems

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Definitions:

Watch Your Time

A reminder to be aware of and manage one’s time effectively, especially in contexts where time is limited.

Know Your Audience

Understanding the characteristics, expectations, and needs of the people you are communicating with or presenting to.

Technical Information

Detailed and specialized knowledge or facts concerning a specific field of science, technology, engineering, or mathematics.

Active Voice

A sentence structure where the subject performs the action expressed by the verb, emphasizing the doer of the action.