A contract is a form of law that private citizens can create on their own.
Indicate whether the statement is true or false.
Ans: True
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Fraud detection procedures should only be performed for clients that have had fraud problems in the past
a. True b. False Indicate whether the statement is true or false
Which of the following statements is most accurate with regard to business continuity management (BCM) and disaster recovery planning (DRP)?
A. DRP is an important component of BCM. B. DRP should be considered as optional, while BCM should be considered as necessary. C. BCM and DRP should be considered independently of each other. D. BCM is an important component of DRP.
Which of the following circumstances would require recording an accrual for a loss contingency under current generally accepted accounting principles?
a. Event is unusual in nature and occurrence of event is probable b. Event is unusual in nature and event occurs infrequently c. Amount of loss is reasonably estimable and occurrence of event is probable d. Amount of loss is reasonably estimable and event occurs infrequently
What part of structure does the chain of command reflect?
a. The formal power structure b. The informal power structure c. The organization’s culture d. The change process