Approximately 25 percent of occupational fraud could have been prevented if proper IT-based internal controls had been designed,implemented,and followed

Question

Quizplus · Accepted Answer

Studies and reports, including those from the Association of Certified Fraud Examiners (ACFE), suggest that a significant portion of occupational fraud is indeed preventable with proper controls. However, the specific percentage that could be prevented varies and is not universally agreed upon to be exactly 25 percent. Effective IT-based internal controls are crucial, but the exact percentage they could prevent is not definitively stated as 25 percent.

Approximately 25 Percent of Occupational Fraud Could Have Been Prevented