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Informative Article | Economics | India | Volume 4 Issue 4, April 2015 | Rating: 6.3 / 10
Fraud Detection and Forensic Accounting
Dr. Sujatha BK | Dr. Mary Shimi S Gomez
Abstract: Fraud involves one or more persons who intentionally act secretly to deprive another of something of value, for their own benefit. Fraud is as old as humanity itself and can take an unlimited variety of different forms. It is both a civil wrong i. e. , a fraud victim may sue the fraud perpetrator to avoid the fraud and/or recover monetary compensation and a criminal wrong i. e. , a fraud perpetrator may be prosecuted and imprisoned by governmental authorities. The purpose of fraud may be monetary gain or other benefits. However, in recent years, the development of new technologies has also provided further ways in which criminals may commit fraud and the ways to curb fraudulism.
Keywords: Fraud detection, Forensic accounting, Fraudulism
Edition: Volume 4 Issue 4, April 2015,
Pages: 3366 - 3369