Which of the Following Statements About Fraud Detection Is Accurate

question 47

Multiple Choice

Which of the following statements about fraud detection is accurate?

• A) Customers and clients are by far the most common source of voluntary fraud detection.
• B) The average fraud lasts about six months before being detected.
• C) Tips are the most common form of fraud detection.
• D) Internal audits are a particularly inefficient means of detecting fraud and are responsible for as little as five percent of detections.

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Definitions:

Credibility

The quality of being trusted and believed in, often influenced by an entity's reputation, reliability, and expertise.

Formal Tone

A style of communication that is polite, well-structured, often adhering to conventional standards, used in professional or serious contexts.

Texting

The act of sending and receiving short messages, typically text-based, through mobile phones or other devices.

Acronym-Filled Language

A style of communication densely populated with acronyms, often specific to a particular industry or group, which can obscure meaning for outsiders.