(Answered) Question opening postit seems like the last two decades

Accounting

Question: Opening Post

It seems like the last two decades have been a period of time where there seems to be a continual unveiling of fraudulent schemes. Fraud is occurring all the time-look at one of the largest frauds in history- Bernie Madoff, for example.

What is fraud, and why can't we seem to stop it and, yes, there are really big news items about fraud, but does it really have that big an impact on the business?

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