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ohaa [14]
2 years ago
5

The study done by the Committee of Sponsoring Organizations (COSO) on financial statement frauds that occurred during the period

from 1987-1997 had many key findings. Which of the following is NOT one among them?
Business
1 answer:
Nadya [2.5K]2 years ago
3 0

Answer:

Most of these firms had audit committees that met at least four times a year.

Explanation:

COSO stands for Committee of Sponsoring Organization, which is an organization that is dedicated to offering the thought of guidance as well as leadership on the fraud deterrence, internal control and management of  enterprise risk.

From the findings which is not found as fraud is that the most of the firms or businesses had committees of audit which met at least 4 times a year.

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For e.g biometric authentication with regard to attendance keeps a check on the number of employees actually working during a period and eliminates the possibility of dummy names in the attendance records. This is an example of internal control i.e control measures created by organization itself.

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