How companies detect theft or fraud in industries
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Solved in 2 steps
- Accounting What role does internal control play in ensuring accurate revenue recognition and preventing fraud?How CSR related to accounting fraud?Which of the following is not a purpose of internal controls? Guarantee profits Protect assets Adherence to company policies Make fraud more difficult Accurate accounting records
- Explain the impact of the fraud in business according to accounting information system.Why should businesses shift to an electronic accounting system? How can controls deter fraudulent practices in a business?How does the adoption of blockchain technology impact financial accounting, auditing processes, and cybersecurity measures within the financial sector, and what are the potential benefits and risks associated with this technological shift
