Certified in Risk and Information Systems Control (CRISC) — Question 1046

Which of the following is the MOST effective way to reduce potential losses due to ongoing expense fraud?

Answer options

• A. Implement user access controls.
• B. Develop and communicate fraud prevention policies.
• C. Perform regular internal audits.
• D. Conduct fraud prevention awareness training.

Correct answer: C

Explanation

Performing regular internal audits is the most effective way to identify and mitigate ongoing expense fraud, as it allows for the detection of anomalies and ensures compliance with policies. While implementing user access controls, developing fraud prevention policies, and conducting training are important, they do not provide the same level of oversight and direct examination of financial activities as internal audits do.