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    Prevention of Management Fraud in Australia

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    Are there any other regulatory controls or mechanisms (other than internal controls) that could prevent management fraud in Australia? If so, briefly discuss the ability of these mechanisms to prevent fraud.

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    Australia, like many other countries, finds itself in the midst of management fraud. This does not mean ALL Australian organizations commit fraud. Some regulatory controls or mechanisms available that could prevent management fraud in Australia (and other countries) include:

    - Regulations concerning financial reporting to include evaluation of revenue recognition, how assets are reported, and how liabilities are ...

    Solution Summary

    This solution discusses strategies that could assist in preventing management fraud in Australia.