Relying on informal processes of control is a factor that increases a company's exposure to fraud.

Name: Relying on informal processes of control is a factor that increases a company's exposure to fraud.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Informal processes of control are inherently weaker than formal processes, and can be more easily circumvented by individuals attempting to commit fraud. As a result, relying on informal processes increases a company's exposure to fraud risk.

Relying on Informal Processes of Control Is a Factor That