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Accounting Assignment Sample

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Assignment Sample Of Subject CCT 112-Forensic Accounting and Fraud Prevention

This sample focuses on the application of accounting skills to identify, investigate and prevent fraud from financial crime. This sample is designed to help students understand how forensic accountants works.
 
What is the difference between forensic accounting and regular accounting? 
Forensic accounting refers to a systematic method for collecting evidence and ensuring compliance with legal obligations. Whereas regular accounting focuses on preparing the financial statements.
 
What are some fraud prevention procedures businesses utilize? 
Businesses can use a variety of fraud prevention procedures, including strong internal controls, segregation of duties, staff training, and conducting regular audits and data monitoring systems. 

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