Question

SOX and the SEC regulators are making it clear that if controls can be ignored, there is no control. Therefore, fraud prevention and detection require an effective monitoring system. Select one: True False

Answer 1

Answer: True

Explanation:

Fraud prevention simply has to do with how fraud will be stopped. Due to numerous ways of committing fraud, fraud prevention and detection require an effective monitoring system

Without an effective monitoring system, it'll b difficult to control fraud. Therefore, the option in the question is true.