Question

Which of the following questions should be answered when considering fraud risk and fraud prevention?

A. which types of fraud are the easiest and least costly to prevent
B. which employees are in the best position to commit fraud
C. which symptoms of a fraud act are most likely to be spotted
D. all types of possible fraud that can be committed

Answer 1

The questions that should be answered when considering fraud risk and fraud prevention are: 1) Which types of fraud are the easiest and least costly to prevent? 2) Which employees are in the best position to commit fraud? 3) Which symptoms of a fraud act are most likely to be spotted?

Step-by-step explanation:

Which of the following questions should be answered when considering fraud risk and fraud prevention?

When considering fraud risk and fraud prevention, the following questions should be answered:

1. Which types of fraud are the easiest and least costly to prevent? By identifying these types of fraud, an organization can implement targeted prevention measures and allocate resources effectively.
2. Which employees are in the best position to commit fraud? By identifying employees who have access to financial systems and information, an organization can implement stronger controls and monitoring.
3. Which symptoms of a fraud act are most likely to be spotted? By understanding common red flags and warning signs of fraudulent activities, an organization can develop detection mechanisms to identify and investigate potential fraud.