Which of the following is a difference between fraud examination and fraud detection?
A) Fraud examination is done before a fraud has been committed, whereas fraud detection is done after a fraud has been committed.
B) Fraud examination is the investigation specific allegations or suspicions of fraud, whereas fraud detection is the identification of an error or irregularity after it has occurred.
C) Fraud examination focuses on the time and duration of the fraud, whereas fraud detection focuses on the need or motive of the fraud.
D) Fraud examination adapts proactive strategies, whereas fraud detection adapts reactive strategies.

Question

Quizplus · Accepted Answer

Fraud examination is a specific investigation into allegations or suspicions of fraud, while fraud detection is the identification of any irregularities or errors after they have occurred. Fraud detection is typically a reactive process, whereas fraud examination may involve proactive strategies to prevent fraud in the first place. The other options are not accurate differences between the two concepts.

Which of the Following Is a Difference Between Fraud Examination