A company's plans to minimize theft and enhance the accuracy of accounting information are referred to as:

A) Corporate controls.

B) Security controls.

C) Internal controls.

D) General controls.

Answer: Internal controls.

Which element of the fraud triangle do companies have the greatest ability to eliminate?

A) Motivation.

B) Rationalization.

C) Opportunity.

D) Intelligence.

Answer: Opportunity.

Fraudulent reporting by management could include:

A) Fictitious revenues from a fake customer.

B) Improper asset valuation.

C) Mismatching revenues and expenses.

D) All of the other answers could involve fraudulent reporting.

Answer: All of the other answers could involve fraudulent reporting.