Exam IIA-CIA-Part1 All QuestionsBrowse all questions from this exam
Question 35

Fraud is most frequently detected by:

    Correct Answer: A

    Fraud is most frequently detected by following up on tips from employees or citizens. Studies show that a significant number of fraud cases are identified through tips, which often come from individuals within or outside the organization who notice suspicious activities. This method proves to be more effective compared to analytical reviews, periodic reconciliations, or unannounced audits.

Discussion
Amnah_Ejaz

Explanation for A please?

Thila

This is from a study: Report to the Nations: 2018 Global Study on Occupational Fraud and Abuse - Only 3% of reported incidents are uncovered by external audits, 13% by management review, 15% by internal audit, and approximately 40% through investigation of tips