Which of the following activities can help mitigate the occurrence of fraud?

Fraud prevention measures are essential in mitigating the occurrence of fraud because they create an environment that deters fraudulent activities. These measures can include implementing internal controls, conducting regular training on fraud awareness, establishing reporting mechanisms for suspicious activities, and fostering a culture of integrity within the organization. By taking proactive steps to prevent fraud, organizations reduce the likelihood of it happening and identify potential vulnerabilities before they can be exploited.

In contrast, delaying detection processes can lead to an increase in fraudulent activities since it allows perpetrators more time to perpetrate their schemes without the risk of being caught. Extensive employee audits can be helpful, but they should be part of a broader strategy that includes ongoing prevention measures rather than relying solely on audits. Minimal oversight on financial transactions makes it easier for fraud to occur, as it creates opportunities for individuals to engage in unethical behaviors without detection.