Question: 6) Internal Controls to Detect Fraud Two internal controls that might have helped detect this fraud are: 1. Automated Grant Date Verification: Implementing a system
6) Internal Controls to Detect Fraud Two internal controls that might have helped detect this fraud are: 1. Automated Grant Date Verification: Implementing a system that flags discrepancies between grant dates and market prices automatically during the stock options award process. 2. Enhanced Oversight by Compensation Committee: Increasing oversight and scrutiny by the Compensation Committee over stock options awards, including regular reviews and independent evaluations
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
