When using red flags as a basis for further investigation:
A) each fraud will have some unique attributes.
B) each fraud has common elements making identification easier.
C) red flags prove of very limited value due to their massive number in day-to-day operations.
D) All of the choices are correct.

Question

Quizplus · Accepted Answer

Each fraud will have some unique attributes, so relying solely on red flags may not be effective in identifying all types of fraud. However, red flags can still be useful as a starting point for further investigation.

When Using Red Flags as a Basis for Further Investigation