Question: What is the reason for compensating controls?Select answer from the options belowTo reduce the risk of financial statement fraud. To reduce the risk when more

What is the reason for compensating controls?Select answer from the options belowTo reduce the risk of financial statement fraud. To reduce the risk when more expensive or complex controls are missing. To compensate for the lack of controls already in place. To compensate for the risk factor when a business wants to make a new purchase.

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