Of the key activities related to fraud, which of the following is the most important and perhaps the most profitable?
A) Follow-up legal action/resolution
B) Early fraud detection
C) Fraud investigation
D) Fraud prevention

Question

Quizplus · Accepted Answer

A: Legal cost are expensive for the organization.
B: While early fraud detection helps limit the cost of the fraud, fraud prevention is the most cost effective tool to deter fraud.
C: Fraud investigations can be extremely expensive to the organization.
D: Fraud prevention programs are the most cost-efficient way to deter fraud.

Of the Key Activities Related to Fraud, Which of the Following