Management and the auditor have to be alert to the risk of collusion with _______.
A)vendors and vendor kickbacks to employees
B)customers and vendor kickbacks to employees
C)customers and customer kickbacks to employees
D)vendors and vendor kickbacks to stockholders

Question

Quizplus · Accepted Answer

Collusion with vendors and vendor kickbacks to employees is a common risk in many organizations. It is important for management and the auditor to be vigilant and implement effective controls to mitigate this risk. Options B, C, and D are not as significant or common risks as option A.

Management and the Auditor Have to Be Alert to the Risk