Question: Which of the following statements accurately describes a fraud detection technique in accounting? a) Fraud detection relies solely on analyzing financial statements. b) Regular internal audits are unnecessary for fraud detection. c) Segregation of duties is an effective fraud detection measure. d) Fraud detection techniques do not require the use of technology.

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Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.