From the statements below select the most correct.
A) Prevention and deterrence are typically more costly than attempting to remediate a fraud that has already occurred.
B) Fraud deterrence refers to creating environments in which people are prohibited from committing fraud.
C) Fraud detection refers to the process of preventing and discovering the presence of fraud.
D) Prevention and deterrence are typically more cost beneficial than attempting to remediate a fraud that has already occurred.

Question

Quizplus · Accepted Answer

Prevention and deterrence involve implementing measures to stop fraud before it happens, which is generally more cost-effective than dealing with the consequences and losses after fraud has occurred. Remediation can be expensive and time-consuming, involving legal fees, investigations, and possible restitution, among other costs.

From the Statements Below Select the Most Correct