Which of the following statements is true about the Global Merchant Audit Program?

The Global Merchant Audit Program is designed to review merchants’ compliance with established standards and regulations but does not automatically imply that any merchant under review is engaged in fraudulent activity. The primary purpose of the audit is to assess adherence to best practices and to identify areas for potential improvement, security, and compliance.

While merchants may be audited, this does not necessarily indicate that they are involved in fraud; an audit can be a routine part of maintaining quality and ensuring proper procedures are in place. This understanding allows stakeholders to differentiate between routine compliance checks and actual indicators of fraudulent behavior.

The other options suggest unconditional actions or guarantees that are not inherent to the nature of the auditing process. For instance, routine inspections (as implied in the first option) may not apply to all merchants and can vary depending on the specific risk assessments performed. Immediate corrections (as mentioned in the third option) may be recommended, but the program itself does not mandate them on the spot. Finally, guaranteeing the security of transactions (in the last option) fails to recognize that audits primarily assess compliance and risks, rather than providing absolute security guarantees.

Thus, stating that the program does not imply definitively fraudulent activity is accurate and highlights the purpose and function of the Global Merchant Audit Program effectively