Even with internal control procedures in place, many companies routinely experience fraud for all of the following reasons except:
A) Management overrides controls.
B) Control procedures are not followed.
C) Control procedures are not effective fraud-prevention tools
D) Lack of rewards for complying with control procedures.

Question

Quizplus · Accepted Answer

C: Control procedures are effective fraud prevention tools, but only if they are strictly followed. Even management should not be permitted to override the controls

Even with Internal Control Procedures in Place, Many Companies Routinely