Which of the Following Is a Difference Between Fraud Examination

question 46

Multiple Choice

Which of the following is a difference between fraud examination and fraud detection?

• A) Fraud examination is done before a fraud has been committed, whereas fraud detection is done after a fraud has been committed.
• B) Fraud examination is the investigation specific allegations or suspicions of fraud, whereas fraud detection is the identification of an error or irregularity after it has occurred.
• C) Fraud examination focuses on the time and duration of the fraud, whereas fraud detection focuses on the need or motive of the fraud.
• D) Fraud examination adapts proactive strategies, whereas fraud detection adapts reactive strategies.

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Definitions:

Delayed Production

A situation where the manufacturing process is slowed down or halted, causing a lag in the production schedule.

Patronage Model

A business or funding model where customers or supporters provide ongoing monetary support to a creator, artist, or service provider.

Direct Return

Immediate measurable benefits or outcomes resulting from a specific action or investment, often used in the context of financial and marketing analyses.

Funding Target

The specific amount of money that a project, company, or campaign aims to raise within a certain timeframe.