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A recent survey of fraud by international accounting firm KPMG reported O reported a 13%...

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Accounting

A recent survey of fraud by international accounting firm KPMG reported O reported a 13% decrease in instances of corporate fraud compared with five years earlier. O financial reporting fraud (the intentional misstatement of financial reports) was the least costly to companies. O that employee fraud (such things as expense account abuse, payroll fraud, and theft of assets) represents 60% of all instances of fraud. O business scandals with large investment losses and few employee layoffs.

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