The ACFE found that the most common way that fraud is first detected is:

Question

Quizplus · Accepted Answer

The ACFE's 2020 Report to the Nations found that tips were the most common way that fraud was detected, accounting for 43% of cases. Internal audit and internal controls were the second and third most common ways, respectively, but were still only responsible for detecting 15% and 14% of cases. External audit was responsible for detecting only 4% of cases.

The ACFE Found That the Most Common Way That Fraud