Question

____________ are often a cost-effective fraud discovery tool that can be helpful when identifying fraud.

Answer 1

People tend to commit fraud when they get the chance to. Measures should be developed to check this. So, Reviewing Bank Statements are often a cost-effective fraud discovery tool that can be helpful when identifying fraud.

Bank statements are documents that show the history of a person's financial transactions over a period of time.

When there is a suspicion of fraud, accountants retrieve this document and study the flow of transactions to detect anomalies.

So, Bank Statements is correct.

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