Separation of duties is one of the basic requirements of what is known as internal control, which is the control-oriented term used by the auditing profession. The effectiveness of separation of duties is limited, however, as it cannot completely eradicate possible collusion, such as between those with the check-receiving and payment-entry duties. Although collusion requires devious employees to reveal their fraudulent intentions to other employees whom they seek to engage in the scheme, survey evidence suggests that it occurs commonly nonetheless, either by collusion between employees and third parties or by collusion among employees or management themselves. Inadequate internal controls heighten the risks of fraud and misconduct. Two-thirds of executives surveyed by KPMG admitted that when fraud and misconduct go unchecked in their organizations, it is likely due to inadequate internal controls.