A good fraud prevention program should address employees’ motivation to steal from the company. The best method for doing this is toa. Establish employee assistance programs.b. Require a fidelity bond on all employees.c. Require reconciliations of all accounts to be reviewed by a supervisor.d. Ensure that all accounts with high inherent risk of fraud are audited.
A good fraud prevention program should address employees’ motivation to steal from the company. The best method for doing this is toa. Establish employee assistance programs.b. Require a fidelity bond on all employees.c. Require reconciliations of all accounts to be reviewed by a supervisor.d. Ensure that all accounts with high inherent risk of fraud are audited.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A good fraud prevention program should address employees’ motivation to steal from the company. The best method for doing this is to
a. Establish employee assistance programs.
b. Require a fidelity bond on all employees.
c. Require reconciliations of all accounts to be reviewed by a supervisor.
d. Ensure that all accounts with high inherent risk of fraud are audited.
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