Final answer:
The chance that a normal audit would uncover acts of collusion among employees falsifying documents is A) very low due to cooperative efforts to deceive and consistent fabrications. Although the risk isn't zero, normal audit procedures may not be thorough enough to detect well-orchestrated schemes without additional measures like whistleblower tips.
Step-by-step explanation:
If several employees collude to falsify documents, the chance a normal audit would uncover such acts is very low. This is because collusion involves a concerted effort to deceive, making it harder for auditors to detect wrongdoing as the employees involved would cover for one another and align their stories. Auditors rely on certain assumptions of normalcy and independent behaviour, which collusion directly undermines. However, it's important to remember that while the chance is low, it is not zero. Audits can include various techniques and procedures that may reveal inconsistencies or suspicious patterns over time. Additionally, the introduction of whistleblower policies and anonymous tips can lead to the discovery of such collusion. Collusion makes it difficult for auditors to identify misconduct because it masks the kind of anomalies that audits are designed to detect. Employees working together to hide their tracks often create a facade of legitimacy making auditors less likely to suspect foul play. Extensive and targeted audits, increased scrutiny, and forensic accounting methods increase the chances of uncovering collusion.