Which of the following will not reduce the likelihood of an occurrence of fraud?
A)Encryption of data and programs.
B)Use of forensic accountants.
C)Adequate insurance coverage.
D)Required vacations and rotation of duties.

Question

Quizplus · Accepted Answer

Adequate insurance coverage does not reduce the likelihood of fraud from occurring. It is a risk response strategy that helps mitigate the financial impact of fraud if it does occur. The other options such as encryption of data and programs, use of forensic accountants, and required vacations and rotation of duties are controls that can help detect and prevent fraud from happening.

Which of the Following Will Not Reduce the Likelihood of an Occurrence