Fraud Examination
Fraud Examination
5th Edition
ISBN: 9781305079144
Author: W. Steve Albrecht, Chad O. Albrecht, Conan C. Albrecht, Mark F. Zimbelman
Publisher: Cengage Learning
Question
Book Icon
Chapter 4, Problem 8TF
To determine

To identify if the following statement is true or false: “Even a good system of internal controls will often not be completely effective because of fallibilities of the people applying and enforcing the controls.”

Blurred answer
Students have asked these similar questions
Internal control policies and procedures have limitations not including: O Collusion. O Human fraud. O Cost-benefit principle. O Establishing responsibilities. Human error.
How to prevent and detect fraud, and make it less likely to occur in organization?
Why does scope creep create risk in independence? Select all that apply   It can create an unfair advantage in the marketplace.   It can decrease costs.   It can lead to unintentionally providing a prohibited service to a restricted entity.   It can cause non-compliance with KPMG policies on independence.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Contemporary Auditing
Accounting
ISBN:9781337650380
Author:KNAPP
Publisher:Cengage
Text book image
Business/Professional Ethics Directors/Executives...
Accounting
ISBN:9781337485913
Author:BROOKS
Publisher:Cengage
Text book image
Auditing: A Risk Based-Approach (MindTap Course L...
Accounting
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning
Text book image
Cornerstones of Cost Management (Cornerstones Ser...
Accounting
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Cengage Learning