Briefly explain what is meant by the risk of ‘Fraud in Revenue Recognition’ Is there always a presumed risk of ‘Fraud in Revenue Recognition’? Explain your answer (c)       Explain 4 Fraud Risk Factors that may heighten the risk of fraudulent financial reporting or misappropriation of assets. Answer in the table below:   Risk Factor 1   2   3   4

Q: fraud monitoring

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Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.