What is the most widely recognized way to deter fraud?
A)Interview every employee on a regular basis.
B)Implement a good system of controls.
C)Keep management involved in company procedures.
D)Threaten employees that on being caught,he/she will be fired.

Question

Quizplus · Accepted Answer

Implementing a good system of controls is the most widely recognized way to deter fraud. This includes having proper segregation of duties, establishing policies and procedures, monitoring transactions regularly, and implementing regular audits. While the other options may also have an impact, they are not as effective as a good system of controls.

What Is the Most Widely Recognized Way to Deter Fraud