ACCT 3122 Chapter : 57fbd1ccbea5280610ce72de213a07d6
Document Summary
Can apply to any type of fraud relating to an organization and it is a subspecialty of forensic acct"g. We use the terms fraud examination and fraud investigation interchangeably. Fm is a process that involves several closely related phases: prevention, detection, investigation, reporting, and litigation and recovery. At the most basic level, fp w/i the org. is a matter of good internal control. B/c of ever-increasing complexity of information technologies, application of internal controls requires specialized information security management systems (isms"s). The higher the fico score, the lower the credit risk. Basic tips, incidents of internal control violations, security breaches, and pattern data. The number 1 is more likely to appear than the number 2, etc & the number 1 is 6 times more likely to appear as the 1st digit than 9. Content and text analysis analyze the content of documents and conversations to identify possible fraud indicators.
