The checks-and-balances method of two-man control requires multiple employees to be involved in order for a crime to occur,referred to as collusion._________________________

Question

Quizplus · Accepted Answer

The checks-and-balances method of two-man control is designed to prevent or detect errors or fraud by requiring two or more individuals to jointly authorize a transaction or action. This method is meant to prevent collusion or conspiracy between employees in order to commit a crime or fraudulent activity. Therefore, the statement is true.

The Checks-And-Balances Method of Two-Man Control Requires Multiple Employees to Be