According to the 2012 Report to the Nation on Occupational Fraud and Abuse, frauds are more likely to be detected by:
A) Audits
B) internal controls
C) Managers
D) Tips

Question

Quizplus · Accepted Answer

The report states that tips are by far the most common way frauds are detected, accounting for 43.3% of all cases. The next most common detection method is management review, which accounts for just 15% of cases. Audits and internal controls are also important components in detecting and preventing fraud, but they lag behind tips and management review as detection methods.