The major approaches to fraud detection are through:
I. Red flags that ultimately point to problems underlying the foundation upon which transactions are recorded.
II. Whistleblowers.
III. Targeted risk assessment.
A) I and II.
B) II and III.
C) I and III.
D) I, II, and III.

Question

The major approaches to fraud detection are through: 
I. Red flags that ultimately point to problems underlying the foundation upon which transactions are recorded.
II. Whistleblowers.
III. Targeted risk assessment.
A) I and II.
B) II and III.
C) I and III.
D) I, II, and III.

Quizplus · Accepted Answer

The best choice is C because it includes the two most common approaches to fraud detection: identifying red flags and performing targeted risk assessments. Whistleblowers can also be a valuable source of information, but they are not always available or reliable. Therefore, while whistleblowers can be useful, they are not as reliable as the other two methods.

The Major Approaches to Fraud Detection Are Through