Most frauds are detected by
A) external auditors.
B) internal auditors.
C) accident.
D) hotline tip.

Question

Quizplus · Accepted Answer

According to research, the most common way in which fraud is detected is through a hotline tip. This is because tips are anonymous and can come from both internal and external sources, increasing the likelihood of discovering fraudulent behavior. While both internal and external auditors are essential in detecting fraud, they are not as effective as hotline tips. Accidents may uncover fraud, but this is not a reliable method for detection.

Most Frauds Are Detected by