Trying to Keep Fraud Hidden Can Mean Doing Nothing or Firing

question 146

Short Answer

Trying to keep fraud hidden can mean doing nothing or firing the employee.These approaches to fraud are not sustainable because they erode the effectiveness of fraud prevention measures and produce ________ by eliminating the risks of insider fraud.

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Definitions:

Letter of Transmittal

A document that accompanies a report or a proposal, summarizing its contents and specifying the receiver's action.

Same Organization

A term referring to entities, departments, or individuals that belong to or operate under the same broader institution or company.

Feasibility Report

An analysis that evaluates the practicality and potential success of a proposed project or system.

Possibility

A thing that may happen or be the case, highlighting potential or latent opportunities.