How do you identify fraud risks?

Question

Accepted Answer

Identifying fraud risks involves recognizing potential areas where dishonest practices may occur within an organization.

Financial Statement Fraud: Manipulating financial reports to present a false picture of the company's performance.
Billing Fraud: Submitting false claims for services not rendered, common in healthcare settings.
Asset Misappropriation: Employees stealing or misusing company assets, such as inventory or cash.
Vendor Fraud: Collusion with suppliers to inflate prices or submit fake invoices.
Cyber Fraud: Hacking into systems to steal sensitive information or funds.

Accepted Answer

Use online alert tools and services. 
Use a credit monitoring service. 
10 warning signs of fraud. 
Know the scams. 
Suspect Fraud.

Accepted Answer

By investigation

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