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Question

Internal Check is meant for ___________.

A
Prevention of frauds
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B
Detection of frauds
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C
Helping audit in depth
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D
Helping audit
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Solution

The correct option is B Prevention of frauds
Internal check and controls are implemented to have a proper policies and processes in reference to each of the business activity. Internal checks involve the various controls through which a set of rules are implemented to prevent frauds.

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