Results for tag: "Financial Crime"

Financial crime is a broad term used to describe any illegal activity involving the use of money or other financial instruments. It includes activities such as fraud, money laundering, bribery, and embezzlement. In the context of accounting, financial crime is a major concern for businesses and organizations. Accounting professionals are responsible for ensuring that financial records are accurate and that all transactions are properly documented. They must also be aware of any potential financial crimes that may be occurring within their organization. In order to combat financial crime, organizations must have strong internal controls and procedures in place. This includes having a system of checks and balances, as well as a system of internal auditing. Additionally, organizations must have a clear understanding of the laws and regulations that govern financial transactions. Companies in the financial crime market include Accuity, BAE Systems, Deloitte, Ernst & Young, KPMG, and PwC. These companies provide a range of services, such as risk management, compliance, and fraud prevention. They also provide consulting services to help organizations develop and implement effective financial crime prevention strategies. Show Less Read more