Generally, internal controls are implemented in a corporation to help prevent which element of the fraud triangle?
A) Perceived opportunity
B) Perceived pressure
C) Rationalization
D) Authorization

Question

Quizplus · Accepted Answer

Internal controls are typically implemented to reduce or eliminate perceived opportunity, which is one of the three elements of the fraud triangle, along with perceived pressure and rationalization. By implementing controls such as segregation of duties, job rotations, background checks, and monitoring systems, companies can reduce the likelihood that employees will have the opportunity to commit fraud. However, controls alone may not be sufficient to prevent fraud if employees are facing significant pressures or are able to rationalize their fraudulent acts.

Generally, Internal Controls Are Implemented in a Corporation to Help