Investigation methods used to detect financial statement fraud are similar to those used to audit financial statements.

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The investigation methods used to detect financial statement fraud are similar to those used to audit financial statements. Both types of reviews involve analyzing financial data, comparing it to various sources of documentation, and conducting interviews with individuals involved in financial processes. However, the focus of an investigation of financial statement fraud is to uncover intentional misrepresentation or manipulation of financial information, whereas an audit is designed to provide assurance that financial statements are free from material misstatement due to error or fraud.

Investigation Methods Used to Detect Financial Statement Fraud Are Similar