Definition
Measures designed to prevent fraud.
Context
Fraud prevention includes organisational, procedural, and technical measures aimed at reducing fraud risks and is closely linked to internal controls, fraud risk assessment, and a strong tone at the top. It primarily addresses opportunity and rationalisation within the fraud triangle.
Meaning
Effective fraud prevention reduces both the likelihood and impact of fraud and is generally more cost-efficient than reactive investigations.
Example
Employee awareness training.
Sources
Suggested citation
wirtschaftsforensik.ch Editorial Team: "Fraud Prevention", in: Glossary, wirtschaftsforensik.ch, https://wirtschaftsforensik.ch/glossar/fraud-prevention/, accessed April 18, 2026.