The KELP program at Tyco:
A) Was not abused; accounting issues were unrelated.
B) Was poorly supervised and administered.
C) Violated federal law at the time.
D) Was embezzlement.

Question

Quizplus · Accepted Answer

The KELP program at Tyco was poorly supervised and administered, as there were instances of executives granting themselves and other employees interest-free loans without proper approval or disclosing these loans in financial statements. However, there is no evidence that the program was abused or that it violated federal law at the time. Embezzlement implies intentional theft, which may not apply in this case.

The KELP Program at Tyco