Explore BrainMass

Explore BrainMass

    Forensic Accounting: Principles and Fraud

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Explain whether accounting principles deter fraud or if they merely prompt entities to follow procedural guidelines.

    © BrainMass Inc. brainmass.com June 4, 2020, 1:13 am ad1c9bdddf

    Solution Preview

    They actually do both, as one works off of the other. Accounting principles do deter fraud, by forcing companies to follow procedural guidelines. Accounting principles work to deter fraud because principles in any field, particularly accounting, outline accepted standards of how and in what capacity ...