The Cost of Fraud Examination

Civil lawsuit

The missing word that completes the sentence is "fraud investigation." A fraud investigation is an examination or inquiry into allegations of fraud or other forms of misconduct that have been reported or identified by an organization.

Fraud investigations can be very costly for an organization to undertake, both in terms of money and time spent. The cost of a fraud investigation can include expenses related to hiring an external investigator or forensic accountant, lost productivity from employees who must assist with the investigation, legal fees, and potential damage to the organization's reputation. Additionally, the investigation may uncover further instances of fraud or misconduct that must be addressed, further increasing the cost and time required to resolve the issue.

Furthermore, the impact of fraud on an organization can be significant, including financial losses, damage to reputation, and legal consequences. As such, it is important for organizations to take steps to prevent fraud from occurring in the first place, through the implementation of strong internal controls, regular risk assessments, and employee training programs.