https://www.taxtmi.com/article/detailed?id=15463 The guide prescribes the Internal Audit Department as the primary mechanism for fraud detection and prevention through a risk-based audit process: identify and map fraud risks, plan targeted audits, collect and preserve digital and physical evidence, apply data analytics and forensic techniques, conduct transaction testing and interviews, document findings with quantified impact, report to governance, and ensure corrective actions and ongoing monitoring, using tools such as analytics, IT forensics, and a maintained fraud risk register with formal escalation protocols and chain-of-custody safeguards. en-us Mon, 24 Nov 2025 09:38:53 +0530 Mon, 24 Nov 2025 09:38:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15463 The guide prescribes the Internal Audit Department as the primary mechanism for fraud detection and prevention through a risk-based audit process: identify and map fraud risks, plan targeted audits, collect and preserve digital and physical evidence, apply data analytics and forensic techniques, conduct transaction testing and interviews, document findings with quantified impact, report to governance, and ensure corrective actions and ongoing monitoring, using tools such as analytics, IT forensics, and a maintained fraud risk register with formal escalation protocols and chain-of-custody safeguards. Articles Accounting - Auditing Mon, 24 Nov 2025 09:38:53 +0530 https://www.taxtmi.com/article/detailed?id=15463