Smaller entities are best able to overcome their absence of safeguards by:
A) implementing a strict segregation of duties policy.
B) creating an audit committee.
C) removing authority from the owner/manager.
D) developing a culture that emphasises integrity, ethical values and competence.

Question

Quizplus · Accepted Answer

Smaller entities often lack the resources for extensive controls like segregation of duties. Developing a culture of integrity, ethical values, and competence helps mitigate risks by promoting ethical behavior and accountability.

Smaller Entities Are Best Able to Overcome Their Absence of Safeguards