Research indicates that the most effective way to prevent and deter fraud is to
A) implement programs and controls that are based on core values embraced by the company.
B) hire highly ethical employees.
C) communicate expectations to all employees on an annual basis.
D) terminate employees who are suspected of committing fraud.

Question

Quizplus · Accepted Answer

The most effective way to prevent and deter fraud is to implement programs and controls that are based on core values embraced by the company. This includes creating a culture of integrity and ethics, establishing clear policies and procedures, conducting regular training and education, and setting up monitoring and reporting systems. Hiring ethical employees, communicating expectations, and terminating suspected employees are all important, but they are not sufficient on their own. A comprehensive approach that integrates values, policies, training, and monitoring is essential for preventing and deterring fraud.

Research Indicates That the Most Effective Way to Prevent and Deter