Final answer:
The statement about segregating fraud examination teams into financial and field investigatory groups is false; successful teams utilize a multidisciplinary and integrated approach.
Step-by-step explanation:
The statement that fraud examination teams should be broken down into two segregated groups with one focusing on the financial side and one performing the investigatory field work is false.
In practice, fraud examination requires a multidisciplinary approach where various aspects of the investigation are interconnected.
Just as with examining the causes and spread of COVID-19, a well-integrated team considers both the micro and macro level details to form a comprehensive understanding of the issue at hand.
A successful fraud examination team typically includes individuals with diverse skill sets who collaborate closely rather than working in segregated groups.
The statement: Fraud examination teams should be broken down into two segregated groups: one that focuses on the financial side of the investigation and one that performs the investigatory field work. is True.
When conducting a fraud examination, it is important to separate the financial aspects of the investigation from the investigatory field work.
This division helps to ensure that each group can focus on their specific areas of expertise.
The team responsible for the financial side of the investigation would analyze financial records, transactions, and related data to identify any irregularities or signs of fraud.
On the other hand, the investigatory field work team would gather evidence, conduct interviews, and gather information from external sources to support the investigation.