The presence of the independent auditors and their review of a company's internal controls

Question

Quizplus · Accepted Answer

The presence of independent auditors and their review of a company's internal controls helps to prevent fraud by providing an objective assessment of the effectiveness of those controls. However, it is not possible for auditors to completely prevent fraud, as determined fraudsters can actively work to deceive the auditors. The other options, such as encouraging collusion and consolidation of duties, are not positive effects of the presence of independent auditors.

The Presence of the Independent Auditors and Their Review of a Company's