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Which of the following is TRUE regarding corporate governance?

Which of the following is TRUE regarding corporate governance?

A.

Fraud risk management is considered to be the foundation of effective corporate governance

B.

Corporate governance's primary purpose is to ensure the accuracy of the organization's financial reports

C.

Effective corporate governance practices are most necessary in an organization in which the owners are also the individuals responsible for setting the corporate strategy.

D.

An entity's corporate governance structure specifies the distribution of rights and responsibilities among the different participants in the organization

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