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PLEASE NO HANDWRITTEN OR COPIED ANSWERS What is the medium timeframe for detection of fraud schemes?

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Finance

PLEASE NO HANDWRITTEN OR COPIED ANSWERS

What is the medium timeframe for detection of fraud schemes?

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There is no specific timeframe for the detection of fraud but the severity and adverse impact of fraud on the organization business activities will require early detection of the fraud and then prevention and corrective measures can be taken to reduce the impact of the fraud As frauds cannot be reduced to the fullest extent but its impact can be reduced to an acceptable extent Frauds may also be discovered as a result of controls and mechanisms put in place on the advice of internal and external auditors A lot of frauds however are discovered accidentally or as a result of information received either via    See Answer
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PLEASE NO HANDWRITTEN OR COPIED ANSWERSWhat is the medium timeframe for detection of fraud schemes?

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