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Financial fraud is a form of accounting fraud that involves the intentional misstatement or omission of financial information in order to deceive investors, creditors, and other stakeholders. It can take many forms, including false accounting, embezzlement, bribery, and insider trading. Financial fraud can have serious consequences for companies, including financial losses, reputational damage, and legal action.
The financial fraud market is highly competitive, with a range of companies offering services to detect, prevent, and investigate fraud. These services include fraud risk assessments, fraud analytics, fraud investigations, and fraud prevention training. Companies in the market include KPMG, Deloitte, Ernst & Young, PwC, and Protiviti. Show Less Read more