"Fraud Mitigation Techniques" Please respond to the following: From the e-Activity, determine the theft red flags...

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Accounting

"Fraud Mitigation Techniques" Please respond to the following:From the e-Activity, determine the theft red flags that wouldcreate the most opportunity for abuse and make recommendations forthe types of controls that could detect various types of frauds. Beas specific as possible by providing illustrative examples tosupport your position. Suggest why collusion between employees andmanagement in the commission of a fraud is difficult to bothprevent and detect. Discuss preventative measures or riskmitigation strategies to address this issue.

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Employee fraud is a significant problem faced by all types of organizations Mainly Fraud can be broken down into three categories Asset misappropriation Corruption Financial statement fraud Asset misappropriation are stealing cash before or after its been recorded making a fictitious expense reimbursement claim and stealing noncash assets of the organization Financial statement fraud involve omitting or intentionally misstating information in the companys See Answer

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