Two or more people working together to circumvent internal controls and defraud a company is known as:
A)encryption.
B)firewalls.
C)collusion.
D)separation of duties.

Question

Quizplus · Accepted Answer

Collusion refers to two or more individuals working together to commit a fraud. This can involve bypassing internal controls or manipulating the accounting system to deceive a company or its stakeholders. Encryption and firewalls are both measures used to protect data and prevent unauthorized access, while separation of duties is a control mechanism that involves dividing tasks among different individuals to reduce the risk of fraud.

Two or More People Working Together to Circumvent Internal Controls