Employees sometimes commit fraud because of personal financial problems caused by too much debt.
Correct Answer:
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Q3: Under an effective system of internal control,
Q4: An effective system of internal control requires
Q4: The safeguarding of assets is an objective
Q6: Only large companies need to be concerned
Q7: When one individual is responsible for all
Q7: Requiring employees to take vacations is a
Q9: A good system of internal control will
Q11: Segregation of duties among employees eliminates the
Q12: The responsibility for keeping the records for
Q22: The most important element of the fraud
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