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Fraud investigations internal

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Reference no: EM133291230

For each statement below, determine if you agree or disagree with the statement, and justify your decision

1."Most frauds are not prosecuted because they are immaterial in amount."

2. "Inadequate internal controls provide the reason why most fraud is committed."

3. "Keep your fraud investigations internal because bringing in anyone external to the organization might tip off the suspect that they're being investigated."

4. "Once you believe you've found the fraud perpetrator, the best thing to do is to fire the person to prevent him/her from continuing the fraudulent activities."

5. "It doesn't matter if the company or the attorney hires a CPA or a professional investigator for a suspected fraud investigation. The attorney-client privilege applies in either case."

Reference no: EM133291230

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