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* How has the role of forensic accounting evolved with the advent of digital finance and cybercrime in detecting financial fraud?The rise of digital finance
How has the role of forensic accounting evolved with the advent of digital finance and cybercrime in detecting financial fraud?The rise of digital finance and cybercrime has expanded the scope of forensic accounting, requiring practitioners to develop new skills and adopt advanced technologies. Forensic accountants now need expertise in digital forensics, cybersecurity, and data analytics to effectively detect and investigate fraud in a digital environment. They use tools like blockchain analysis, cyber forensics software, and artificial intelligence to track digital footprints, uncover cyber fraud schemes, and analyze complex data. This evolution has made forensic accounting an essential component in combating modern financial crimes. What future trends are anticipated in this field?
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