Business Studies · Corporate Governance
In corporate risk management, what is the primary objective of a 'fraud response plan'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A proactive strategy meant solely for preventing and controlling the occurrence of fraud
- 2A framework outlining internal disciplinary rules and employee sanctions to be applied when fraud is discovered
- 3A strategic framework for investigating, mitigating, and dealing with the consequences of suspected or identified fraud✓
- 4An insurance policy meant to recover direct monetary losses resulting from corporate malpractice
Correct answer
A strategic framework for investigating, mitigating, and dealing with the consequences of suspected or identified fraud
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