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Fraud

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Liability and expense omissions can be concealed easily but, Why are they the most difficult fraud schemes to uncover?

Topic is internal control in accounts payable and response must be substantive

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Liability and expense omissions can be concealed easily but, Why are they the most difficult fraud schemes to uncover?
The expense omissions can be concealed easily because expenses are shown as assets. These are done easily, however, to detect them is very difficult because every contribution and deduction from assets over years have to be examined to identify the fraud. Even, when the fraudulent entry is seen by the auditor, the auditor often overlooks it because it appears to be a normal increase to the asset. This is why it is so difficult to detect omissions of ...

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