Which of the following describes the goal of fraud prevention?

The goal of fraud prevention is best captured by focusing on screening and implementing risk management procedures to mitigate fraud losses. This approach centers around understanding the vulnerabilities that can lead to fraudulent activities and proactively putting measures in place to reduce the likelihood or impact of such incidents. It involves assessing risks, identifying potential fraud schemes, and employing strategies that can help detect and prevent fraudulent transactions before they occur.

By emphasizing risk management, organizations can better allocate resources to areas that require the most attention to reduce fraud-related losses. This strategy is not only about preventing fraud but also about ensuring the integrity of transactions and protecting both the business and its customers.

In contrast, while eliminating all customer complaints could be a positive goal, it is not directly tied to fraud prevention, as not all complaints are related to fraudulent activities. Increasing sales revenue does not inherently contribute to fraud prevention; a rise in sales could even lead to higher exposure to fraud if not managed properly. Lastly, improving employee training programs is beneficial for overall business operations and can support fraud prevention, but it is not solely focused on mitigating fraud losses, which is the primary goal of fraud prevention.