Identifying Fraud Risks: Advanced Audit & Assurance

Opportunity as a Risk FactorAccording to Business Dictionary (2017), fraud is “an action of trickery perpetrated with an intention of disguising the truth, through taking advantage of loopholes within processes, through corruption where the party induces another party with incentives with intents of self-gain, or through a forceful manner.” Businesses are posed to fraud risks eminent from risk factors that are within their business…