In general, material frauds perpetrated by which of the following are most difficult to detect?
A)Internal audit function.
B)Keypunch operator.
C)Cashier.
D)Controller.

Question

Quizplus · Accepted Answer

Material frauds perpetrated by the controller are the most difficult to detect. This is because the controller has access to financial records and systems, and is responsible for financial reporting. As a result, they can manipulate financial statements to hide fraudulent activities. Additionally, they may have the ability to override controls or create false documentation to cover up their fraudulent activities, making detection more difficult.

In General, Material Frauds Perpetrated by Which of the Following