Internal controls addition, traders were usually kept to tight trading limits$.$ Apparently, these controls failed in this case.

Answer the following True or False questions about Societe Generale's internal controls. These will assist you in determining the weaknesses.

The loss could have been avoided with a number of internal controls.

Required vacation time may have alerted managers to the hidden losses.

If traders have access to the monitoring software, then the separation of duties control is violated.

:

The trader was not under managerial oversight.