Accountancy, asked by vinayakvinu238, 5 months ago

types of frauds in auditing​

Answers

Answered by cetnasettu2006
1

Answer: There are three main types of audits: external audits, internal audits, and Internal Revenue Service (IRS) audits.

External audits are commonly performed by Certified Public Accounting (CPA) firms and result in an auditor's opinion which is included in the audit report.

While there are many types of fraud, there are five that can cause the most damage.

Financial statement fraud. ...

Asset misappropriation. ...

Theft of intellectual property and trade secrets. ...

Healthcare, insurance and banking. ...

Consumer fraud.

( I am not sure about...what you meant by your question. But this is what I understood)

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