The distrust on the part of the citizens towards the Public Administration has been affected in the last years. The lack of control and supervision of money from public coffers, as well as public tenders, has led to serious cases of fraud and corruption.
How to measure the economic performance and financial resources of a company? Day by day, companies analyze many variables of their business; nevertheless, from time to time a more exhaustive investigation, analysis and control work is necessary.
The advancement of new technologies has been beneficial for multiple disciplines or fields of study such as medicine, genetics, etc. However, this tool gives many more options when committing financial crimes or fraud.
Fraud is considered as an intentional act that seeks to assure its author or a third party an illegal benefit, to the detriment of a person. At the business level, it can be given through altered financial information, misappropriation of assets, inappropriate expenses and income, among others. The consequences of business fraud are economic losses, image and distrust of customers and investors.
The journal entries are the records that are made directly in the major general. These are used to record transactions, classifications, adjustments and corrections in the general ledger, and include: