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

Question

Quizplus · Accepted Answer

Hotline tips are the most common way frauds are detected, as employees, customers or vendors may come forward with information about fraudulent activities. External and internal auditors may also detect fraud, but their detection rates are not as high as hotline tips. The police may become involved in the investigation of fraud, but they are not typically the ones who first detect it.

Most Frauds Are Detected by