Incorrectly Disclosing Related-Party Transactions Key Market Segments Covered in Financial Statement Fraud Market Industry Research Some of the major players operating Financial Statement Fraud market are Accounting fraud is defined by the Association of Certified Fraud Examiners (ACFE) as "deception or misrepresentation that an individual or entity makes knowing that the misrepresentation may result in some unauthorised benefit to the individual, the entity, or some other party. It is essentially the incorrect presentation of an enterprise's financial condition accomplished through intentional misstatement or disclosures in financial statements to defraud financial statement users. Overstating assets, revenues, and profits while understating liabilities, expenses, and losses is the essence of financial statement fraud. Get Sample Report in PDF Version along with Graphs, Charts, and Figures As a result, companies in the financial statement fraud market are developing solutions that integrate with MI and cloud computing. Stakeholders in the value chain are increasing their profits with the help of ML, because the novel technique aids in the detection of previously undetected patterns. The spread of machine learning (ML) in various fields benefits both consumers and companies in the anti-money laundering software market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA). This market research report has set a bench-marking example for such a vibrant market that explores several recommendations and practical growth strategies in relation to the market. Moreover, the report contains records starting from the base year (2022) and stretches until the forecast period (2023-2029). This worldwide Financial Statement Fraud market report presents thorough information about the global industry comprising of valuable figures and stats. Data Bridge Market Research analyses that the financial statement fraud market was valued at USD 20.8 billion in 2021 and is expected to reach the value of USD 82.53 billion by 2029, at a CAGR of 18.80% during the forecast period of 2022 to 2029.
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