Practice Quiz

Forensic Accounting

Category - Specialized Forensic Knowledge

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When can fraud risk controls be easily overridden?
  1. When senior management has no knowledge of the controls
  2. When management is friendly with the staff
  3. When management is familiar with the controls in place and have reason to override them
  4. None of the above
Explanation
Answer: C - Fraud risk controls can be easily overridden when management is familiar with them and have reason to override them. If management believes they have a legitimate reason or can benefit from the fraud, they will be more enticed to override the risk controls in place.
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