Which of the following is a primary objective of a fraud examination?

Prepare for the ACFE Certified Fraud Examiner Exam. Access flashcards and multiple-choice questions, each with hints and explanations, to ace your exam! Get started today.

The primary objective of a fraud examination is to detect and prevent fraud. This involves investigating allegations of fraudulent activity, gathering evidence, and conducting interviews to determine whether fraud has occurred. The ultimate goal is to identify instances of fraud to protect the organization's assets and establish measures to prevent future occurrences. Fraud examinations are critical in ensuring compliance with applicable laws and regulations while maintaining the integrity of financial reporting and organizational operations.

While improving company profits, evaluating marketing strategies, and enhancing customer satisfaction are all important business objectives, they are not directly tied to the primary focus of a fraud examination. Fraud examinations specifically concentrate on identifying, understanding, and mitigating fraudulent behavior, making fraud detection and prevention the central aim of this practice.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy