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Fraud
involves deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.
Generally Accepted Auditing Standards (GAAS)
A set of guidelines for auditors working on companies' finances, ensuring audits are systematically conducted with integrity, objectivity, and professionalism.
Professional Negligence
Failure of a professional to perform their duties to the required standard of care, resulting in harm to their client.
Auditing Industry
The sector that involves the examination of financial records and statements to ensure accuracy and compliance with standards and regulations.
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