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FOR2601 Assignment 1 Semester 1 2025 Complete Answers ⭐⭐⭐⭐⭐
1.1. Discuss in your own words the detection techniques that can be used by auditors to detect fraud in an organisation.
Auditors employ various techniques to identify fraud within an organization, ensuring financial integrity and accountability. These methods help detect irregularities, misstatements, and fraudulent activities. Some key fraud detection techniques include:
1. Analytical Review
Auditors examine financial data to spot unusual trends, inconsistencies, or unexpected variations. This involves comparing financial statements with previous records, budget projections, and industry benchmarks. Significant or unexplained differences may indicate fraudulent activity.
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