The best way to enact a broad fraud-prevention program is to
A) Install airtight control systems of checks and supervision.
B) Name an "ethics officer" who is responsible for receiving and acting upon fraud tips.
C) Place dedicated "hotline" telephones on walls around the workplace with direct communication to the company ethics officer.
D) Establish a corporate culture conducive to ethical behavior in the workplace.

Question

Quizplus · Accepted Answer

While all of the options can contribute to a fraud-prevention program, establishing a corporate culture conducive to ethical behavior is the most effective way to prevent fraud in the long term. This involves creating a culture where ethical behavior is valued, rewarded, and expected from all employees. It requires leadership to set the tone and lead by example, as well as regular training and communication on ethics and fraud prevention. Installing controls and hotlines can be helpful, but they are reactive measures that may not address the root causes of fraud. Naming an ethics officer can also be helpful, but it is not sufficient on its own.

The Best Way to Enact a Broad Fraud-Prevention Program Is