Question: The internal audit activity can perform an important role in preventing and detecting significant fraud by being assigned all but which one of the following

The internal audit activity can perform an important role in preventing and detecting significant fraud by being assigned all but which one of the following tasks?
A.Review large, abnormal, or unexplained expenditures.
B.Review sensitive expenses, such as legal fees, consultant fees, and foreign sales commissions.
C.Review every control feature pertaining to petty cash receipts.
D.Review contributions by the organization that appear to be unusual.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!