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Rosewell Steffen, a convicted embezzler stated: For every foolproof system, there is a method for beating it. To thwart attempts from embezzlers, management designs a
Rosewell Steffen, a convicted embezzler stated: "For every foolproof system, there is a method for beating it." To thwart attempts from embezzlers, management designs a system of internal controls. Yet, internal controls can't eliminate all system threats. Which of the following threats would usually be the most financial devastating?
A. Employee's negligence
B. Intentional or malicious employee actions
C. Customer-initiated fraud
D. Vendor Fraud
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