Which of the following factors is the most significant contributor to fraud risk?
A) poor hiring practices
B) collusion between employees and third parties
C) the industry in which the entity operates
D) overriding of internal controls

Question

Quizplus · Accepted Answer

Overriding of internal controls is the most significant contributor to fraud risk as it allows individuals to bypass established safeguards and commit fraudulent activities without detection. Poor hiring practices, collusion, and industry risk may all contribute to fraud risk, but the overriding of internal controls is the most significant factor.

Which of the Following Factors Is the Most Significant Contributor