Final answer:
The largest savings from aspects of fraud usually result from Prevention, as it stops the financial, reputational, and legal costs associated with fraud, while other aspects like detection, investigation, and recovery are less effective in saving costs. So, the correct answer is option c.
Step-by-step explanation:
The aspect of fraud that usually results in the largest savings is C) Prevention. Preventing fraud from occurring can eliminate the losses associated with fraud, which can include not only the direct financial impact but also reputational harm and additional costs related to the investigation and legal proceedings. Moreover, prevention strategies such as strong internal controls, diligent employee training, and an ethical corporate culture can act as powerful deterrents against fraud.
On the other hand, early detection is also important as it limits the duration and impact of fraudulent activities, but it does not match the savings that prevention guarantees. Investigation after the fact and recovery of losses tend to be more cost-intensive and less productive in terms of recovering the full amount lost to fraud. Therefore, a comprehensive fraud prevention program is generally the most economically beneficial approach to handling potential fraud risks.