(True and false)
1. Many organizations merely dismiss dishonest employees because of the expense and time involved in prosecuting them.

2. Appropriate hiring will not decrease an organization’s risk of fraud.

3. An individual who owns his or her own business and is the sole employee needs many control procedures.

4. A proper system of authorization will help ensure good internal controls.

5. Good documents and records are some of the best preventive controls.

6. Many frauds are allowed to be perpetrated because victims don’t have access to information possessed by the perpetrators.

7. Power is rarely used to influence another person to participate in an already existing fraud scheme.