Question
The following are (is a) good control(s) for preventing fraud a. Both a and b b....
The following are (is a) good control(s) for preventing fraud
| a. | Both a and b | |
| b. | Independent checks | |
| c. | Physical control/proper authorization | |
| d. | Segregation of Duties | |
| e. | Documents and records |
Answers
The answer is option C.
The primary control is to prevent fraud is physical control/proper authorisation.
But good controls for preventing fraud in industries/entities includes the following controls
1.Physical control /proper authorisation
2 Independent checks
3 Documents and records
4.Segregation of duties.
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