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The complexity of such fraud often requires detailed audits and advanced analytical tools to detect discrepancies in reported revenue versus actual collections. By familiarizing themselves with these common fraud schemes, companies can better prepare to identify anomalies early and take decisive action to mitigate risks ( Fraud Magazine ).
These firms provide overall financial services for the better financial health of their clients. Accounting firms offer a number of crucial services to help in decisions pertaining to finance and business, including taxation, financial reporting, auditing services, and advisory services. That’s a massive team!
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