Question
Questi on As a manager what one of the following are you responsible for? Select the correct option and then Confirm. Allocating an investigation Developing and maintaining effective controls to prevent, detect and deter fraud Telling your wider team about an ongoing fraud case
Answer
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Jamie
Master · Tutor for 5 years
Answer
Developing and maintaining effective controls to prevent, detect and deter fraud
Explanation
The primary responsibilities of a manager consists in maintaining a well-organized office, updating records, supervising staff, implementing various policies, and monitoring financials among other tasks. While encompassing these, one important duty of a manager is to develop and maintain effective controls to prevent, detect and deter fraud within the organization. This would involve developing procedures and policies, while also ensuring that employees practice ethical behavior for minimizing risk factors leading to fraudulent activities. Although all listed duties may fall under the manager's obligations, it is dependant on the circumstances and specificity of each company. For example, "Allocating an investigation" or "Telling your wider team about an ongoing fraud case" are situations that could pertain to a manger's role, but they are not universally prevalent, rather being reliant of particular situations that may or may not transpire. However, establishment and maintainance of controls to curtail fraud remains a constant accountability of a manger across industries and enterprises.