Which of the following statements is TRUE?
A) According to ACFE, over half of frauds in 2020 involved collusion.
B) Collusion allows internal controls to be circumnavigated.
C) A larger number of colluders translates to more difficult detection and larger losses.
D) All of these answer choices are correct.

Question

Quizplus · Accepted Answer

All the statements are true. Collusion can indeed circumvent internal controls, making fraud harder to detect and often resulting in larger losses. The Association of Certified Fraud Examiners (ACFE) has also reported that a significant portion of frauds involve collusion.

Which of the Following Statements Is TRUE