ERP Accounting Software: Preventing Fraud
Fraud costs companies millions of dollars every year. However, for most accountants and auditors, catching or preventing fraud is not the focus of their job. We look at what’s involved, and what potential solutions may be available to help tackle the problem. In a recent report, auditors were found to have detected only 4{7dabfd103aa443fce219eea47f0f346a11a54ce587a1a0cbb74f06b9f7a304ca} of occupational frauds committed, and it is not difficult to understand why. Consider the level of attention to detail managing and keeping tabs on such a wealth of numerical data requires. To then mine said data for suspicious activity is an incredibly complex task, and it does not end with the data. A needle in a haystack Source It goes without saying that there is more than one way to commit fraud. Accountants
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