When two or more people get together for the purpose of circumventing prescribed controls it is called
A) a fraud committee.
B) collusion.
C) a division of duties.
D) bonding of employees.

Question

Quizplus · Accepted Answer

Collusion refers to a secret agreement between two or more people for the purpose of deceiving, cheating, or defrauding others. It often involves the circumvention of prescribed controls or rules. A fraud committee may be formed to investigate and prevent fraud, while division of duties and bonding of employees are control measures to prevent fraud and errors. However, collusion undermines these control measures.

When Two or More People Get Together for the Purpose