The act of collusion refers to:
A)Top management and lower-level employees working together to share information necessary for effective internal controls.
B)Two or more people acting in coordination to circumvent internal controls.
C)Management working with an auditor to prevent occupational fraud.

Question

Quizplus · Accepted Answer

Collusion refers to two or more individuals acting in coordination to circumvent internal controls. It is usually done for the purpose of committing fraud or other illegal activities. The other options are not accurate descriptions of collusion.

The Act of Collusion Refers To