Which of the following is the most common method of detecting occupational fraud?
A)Financial Statement Audit
B)Management Review
C)Internal Audit
D)Tip from an employee, customer, or vendor

Question

Quizplus · Accepted Answer

According to the Association of Certified Fraud Examiners (ACFE), tips from employees, customers, or vendors are the most common way occupational fraud is detected, accounting for nearly 40% of all cases. Therefore, the best choice is D. While the other methods (Financial Statement Audit, Management Review, and Internal Audit) are important for detecting and preventing fraud, they are not as commonly used as tips from insiders.

Which of the Following Is the Most Common Method of Detecting