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Discuss how the tools can help identify fraud schemes

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Question 1: Tools commonly used to analyze financial statements, such as Horizontal Analysis, Vertical Analysis and Analysis of Financial Reasons, have helped to discover cases of fraud, identifying amounts that come out of the normality of the figures and the expected amounts. Discuss how these tools can help identify fraud schemes and if you think they are useful for preventing fraud in general.

Reference no: EM132930085

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