Internal controls to detect fraud


Problem: Internal Controls to Detect Fraud Two internal controls that might have helped detect this fraud are: 1. Automated Grant Date Verification: Implementing a system that flags discrepancies between grant dates and market prices automatically during the stock options award process. 2. Enhanced Oversight by Compensation Committee: Increasing oversight and scrutiny by the Compensation Committee over stock options awards, including regular reviews and independent evaluations.

 

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Accounting Basics: Internal controls to detect fraud
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