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Discuss how these tools can help identify fraud schemes

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Reference no: EM133031415

Question - 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.

a) Discuss how these tools can help identify fraud schemes.

b) What tools are considered useful to generally prevent the occurrence of fraud?

Reference no: EM133031415

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