(True And False)
1. Once fraud has been committed, there are no winners.

2. Fraud prevention involves two fundamental activities:
(1) A hotline for tips and
(2) Assessing the risk of fraud and developing concrete responses to mitigate the risks and eliminate opportunities for fraud.

3. Developing a positive work environment is of little importance when creating a culture of honesty.

4. No matter how well an organization has developed a culture of honesty and high ethics, most organizations will still have some fraud.

5. Research has shown that it is employees and managers, not auditors, who detect most frauds.

6. Organizations that want to prevent fraud must make it easy for employees and others to report suspicious activities.

7. If a perpetrator is not caught, his confidence in the scheme will decrease, and he will become less and less greedy.

8. Once predication is present, an investigation is usually undertaken to determine whether or not fraud is actually occurring.