Prevention of fraud refers to _______.
A)the use of controls and procedures aimed at avoiding a fraud
B)the use of controls and procedures aimed at uncovering a fraud should one occur
C)auditors who assess fraud risk factors
D)incentives to commit fraud

Question

Quizplus · Accepted Answer

Prevention of fraud involves implementing controls and procedures that are designed to avoid fraud from occurring in the first place. This can include things like implementing strong internal controls, conducting thorough background checks on employees, and providing fraud awareness training for all staff. By taking these steps, organizations can minimize the risk of fraudulent activities occurring within their operations.

Prevention of Fraud Refers to _______