Question

Explain the different kinds of frauds. Can the auditor prevent these frauds.


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Answer 1

Explanation:

Suppressing receipts. Recording less amount than the actual amount of receipt. Fictitious payments. Recording more amount than the actual amount of payment.

1.Financial statement fraud. ...

2.Asset misappropriation. ...

3.Theft of intellectual property and trade secrets. ...

4.Healthcare, insurance and banking. ...

5.Consumer fraud........

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Answer 2

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