The fraud theory approach involves the following steps, in the order of their occurrence is:
A) create hypotheses, analyze available data, test the hypotheses, refine and amend the hypothesis, and draw conclusions.
B) analyze available data, create hypotheses, test the hypotheses, refine and amend the hypothesis, and draw conclusions.
C) create hypotheses, test the hypotheses, analyze available data, refine and amend the hypothesis, and draw conclusions.
D) None of the above are in proper order.

Question

Quizplus · Accepted Answer

The correct sequence for the fraud theory approach involves first analyzing the available data to understand the context and identify potential anomalies or areas of concern. Based on this analysis, hypotheses are then created regarding how the fraud could have occurred. These hypotheses are tested through further examination and analysis. As new information is uncovered, it may be necessary to refine and amend the hypotheses. Finally, conclusions are drawn based on the evidence and analysis conducted throughout the process. This approach ensures a structured and evidence-based investigation into potential fraud.

The Fraud Theory Approach Involves the Following Steps, in the Order