Once a Fraud Has Occurred and a Preventive Solution Developed

question 46

Multiple Choice

Once a fraud has occurred and a preventive solution developed, the solution should:

• A) not be implemented because of the reactive circumstance in which it was created.
• B) be implemented only after testing by external auditors.
• C) always be implemented by default.
• D) be implemented only if it meets the cost-effectiveness test.

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Definitions:

Develop the Research Plan

The process of outlining the steps and methodologies for gathering and analyzing data to answer specific research questions.

Primary Data

Facts and figures that are newly collected for the project.

Secondary Data

Facts and figures that have already been recorded prior to the project at hand.

Collect Relevant Information

The process of gathering data that is pertinent and applicable to a specific purpose or analysis.