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Fraud auditing is a specialized area of accounting that focuses on the detection and prevention of fraud. It involves the use of investigative techniques to identify and analyze financial irregularities and other potential fraudulent activities. Fraud auditors use a variety of methods to detect fraud, including data analysis, interviews, and document reviews. They also use specialized software to detect patterns of fraud and to identify suspicious transactions.
Fraud auditing is an important part of the accounting process, as it helps to ensure the accuracy and integrity of financial records. It is also used to protect organizations from financial losses due to fraud. Fraud auditors are often employed by organizations to conduct internal audits and to provide advice on fraud prevention and detection.
Some companies in the fraud auditing market include Deloitte, KPMG, Ernst & Young, PwC, Grant Thornton, and BDO. Show Less Read more
