Most frauds are detected by
A)external auditors.
B)hotline tip.
C)internal auditors.
D)forensic accountants.

Question

Quizplus · Accepted Answer

According to studies, the most common way frauds are detected is through hotline tips. This highlights the importance of having a whistleblower program in place within an organization to encourage employees and stakeholders to report any suspicious activities. While external auditors, internal auditors, and forensic accountants can also play a role in detecting fraud, hotline tips have proven to be the most effective method.

Most Frauds Are Detected by