Internal controls,if properly implemented,can eliminate the opportunity for fraud.

Name: Internal controls,if properly implemented,can eliminate the opportunity for fraud.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

While internal controls can significantly reduce the chances of fraud by adding checks and balances, they cannot completely eliminate the opportunity for fraud as there can always be collusion, management override, or other ways that determined individuals might circumvent controls.

Internal Controls,if Properly Implemented,can Eliminate the Opportunity for Fraud