For the week’s discussion, study Table 8-5 Summary of Ways to Prevent and Detect Fraud in Romney chapter 8 and briefly describe one item from each of the four sections: (1) Make Fraud Less Likely to Occur; (2) Increase the Difficulty of Committing Fraud; (3) Improve Detection Methods, and (4) Reduce Fraud Losses (Romney & Steinbart, 2021). For at least one of the areas, including one real-world example (cited).

the sections I have chosen are:

Make Fraud Less Likely to Occur

Develop a comprehensive set of anti-fraud policies that clearly set forth the expectation for honest and ethical behavior and explain the consequences of dishonest and fraudulent acts.

Increase the Difficulty of Committing Fraud

Safeguard all assets, records, and data.

Improve Detection Methods

Encrypt stored and transmitted data and programs to protect them from unauthorized access and use.

Reduce Fraud Losses

Use software to monitor system activity and recover from the different types of threats

Please use these examples increating fraud prevention scenarios

Answer rating: 100% (QA)

Fraud refers to a deception that is intentional and caused by an employee or organization for personal gain In other words fraud is a deceitful activi... View the full answer