Carissa DeLuca, CPA, CFE Audit Manager In the Association of Certified Fraud Examiners, Inc. (ACFE)’s Report to the Nations 2020 Global Study on Occupational Fraud and Abuse, they noted external audits of financial statements were the number one most common anti-fraud control in the small and large businesses they studied. However, the auditor’s responsibility regarding fraud is only to provide reasonable assurance that the financial statements do not include material misstatements due to fraud or misappropriation of assets. In fact, it’s management’s responsibility to design, implement and maintain internal controls that prevent and detect fraud. This is even more
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The Most Common Anti-Fraud Control
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accountant, accountants, accounting, accounting firm, anti fraud, anti fraud control, audit, ca, california, certified public accountants, cpa, cpa firm, irvine, oc, orange county, so cal, southern california, tax, tax firm, taxation, wfy, wright ford young, and wright ford young & co.