How can companies reduce fraud risk?
A) by implementing effective screening policies when hiring employees
B) by maintaining a culture of honesty and high ethics
C) by dealing fairly with employees
D) all of the above

Question

Quizplus · Accepted Answer

Companies can reduce fraud risk by implementing effective screening policies when hiring employees to ensure that they hire honest and trustworthy candidates. Maintaining a culture of honesty and high ethics in the workplace can also help reduce the risk of fraud, as employees are more likely to report any suspicious behavior or activity. Additionally, dealing fairly with employees can increase employee loyalty and reduce the risk of fraud due to a sense of commitment to the company. Therefore, all of the choices (A, B, and C) are important in reducing fraud risk.

How Can Companies Reduce Fraud Risk