A weakness in an internal control is a major cause of fraud,which is also known as white collar crime.

Question

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A weak internal control can provide opportunities for individuals to commit fraud, which involves the use of deception for personal gain or to cause harm to others. White collar crime refers to non-violent crimes committed by individuals in their professional or occupational roles, often involving financial fraud or embezzlement. Therefore, a weakness in internal controls can be a major contributor to white collar crime.

A Weakness in an Internal Control Is a Major Cause