Use BookMyEssay:Fraud Analysis Assignment Help

Fraud is a crime to deceive and scam people of their financial transactions. Though frauds are in existence for a long time in this digital age, the extent, strategy, and magnitude of frauds are wide and it ranges from insurance claims to credit card transactions.

The traditional methods are there in practice to detect as well as prevent fraud. However, these are not powerful. These methods have limitations. When your analytics to these conventional methods, it improves fraud detection abilities and provides a new dimension to fraud detection methods.

More importantly, the internal control systems have weaknesses. To avoid this, organizations should have control on each transaction, which takes place and also test it using fraud analytics.

The Domains Frauds Can Occur

The domains where frauds can occur are mentioned in our Fraud Analysis assignment help online as follows:

• Employees may embezzle money from their employers, divert or take assets from the employers for personal gain.
• Customers may underpay or not pay.
• Vendors can overbill, offer fewer items, or offer poor quality items.
• Management of a company may mispresent financial statements for hiding the true state of a business and profit from deception.
• Researchers may be engaged in scientific misconduct or misrepresent data for publishing false data.
• Businesses or individuals might run investment scams persuading people to trust them. People invest in schemes that are worthless.
• Students may plagiarize part of papers from other sources or text without citation.
• Programmers might create scripts for clicking on ads for exploiting pay-per-click advertisements.
• Government fraud is a fraud committed against federal agencies including the departments of Transportation, Energy, Health, or Education. The kinds of government fraud are billing unnecessary procedures, offering old equipment while billing for new, overcharging items, or reporting working hours for workers that are false.
• Fraud in healthcare includes medical fraud and drug fraud along with insurance fraud. Healthcare fraud happens when a person defrauds the insurers or the government health care department.

Advantages of Fraud Analysis

Some of the advantages are discussed elaborately in our Fraud Analysis homework help services as follows:

1. Identify hidden patterns: It can identify new trends, patterns, and scenarios in which frauds happen. The traditional approaches may not have them.
2. Data Integration: It plays a vital role to integrate data. It integrates data from different sources along with public records, which may be combined into a model.
3. Improve existing efforts: It may not replace the traditional rules but can add up to the prevalent efforts for bringing improved results.
4. Harness unstructured data: It helps to get the best value from unstructured data. The majority of the unstructured data are stored in a data warehouse of a company. Unstructured data is a place wherein most fraudulent activities happen. Text analytics plays a vital role to review an unstructured data and prevent data from happening.
5. Improve performance: With the help of fraud analysis, you can identify the things that are working for an organization and the things that are not working in your organization.

The Important Features of BookMyEssay

Online assignment writing needs well-developed skills, responsibility, and experience. We guarantee top results and provide Fraud Analysis assignment writing help. We recruit experienced and highly qualified Ph.D. academic tutors who have obtained their degrees from reputable universities.

We follow competitive pricing policy. We make our writing services highly affordable to students. Besides reasonable rates, we have many other features that are stated below:

• Before submitting any paper, our academic experts check it for grammatical errors or plagiarism. We use Turnitin, the best software for ensuring uniqueness and authenticity.
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• We have experts who proofread and edit the content several times before the final delivery. We follow the proper citation and referencing style.
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• All your personal information shall remain private and will not be disclosed to outsiders.

So, if you want a well-written Fraud Analysis assignment help, you can contact us now.