Policies and procedures designed to reduce the opportunities for fraud are often called:

a. Internal controls.

b. Asset source transactions.

c. Accounting standards.

d. Financial systems.

Question

Social Studies

Paola Oneill

20 March, 05:48

Policies and procedures designed to reduce the opportunities for fraud are often called:

a. Internal controls.

b. Asset source transactions.

c. Accounting standards.

d. Financial systems.

+2

Answers (2)

Know the Answer?

Maggie Christensen · Answer 1

Internal controls are the mechanisms, rules, and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability and prevent fraud.

Efrain · Answer 2

Option A ... Internal Controls

Policies and procedures designed to reduce the opportunities for fraud are often called:a. Internal controls.b. Asset source transactions.c. Accounting standards.d. Financial systems.

Policies and procedures designed to reduce the opportunities for fraud are often called:

a. Internal controls.

b. Asset source transactions.

c. Accounting standards.

d. Financial systems.