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Guidelines to Thwart Fraud Issued: An industry...

From Times Staff and Wire Reports

Guidelines to Thwart Fraud Issued: An industry group issued proposed accounting guidelines designed to help businesses curb fraud, but the proposal drew complaints from critics who called it too weak to satisfy calls for reform. The proposed guidelines, compiled by a leading accounting firm, Coopers & Lybrand, include safeguards business managers can use to prevent fraud and improper reporting in such areas as corporate ethics and risk management. The voluntary guidelines were released by an umbrella group of five leading accounting and financial management organizations.


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