Accounting fraud prevention is the practice of taking steps to protect an organization’s finances from fraudulent activity. It includes implementing internal controls, conducting audits, staying aware of new developments in accounting best practices, and establishing clear policies and procedures for how financial transactions should be conducted. Prevention of fraud is essential for organizations to ensure accuracy and reliability of financial statements, safeguard assets, and maintain credibility with stakeholders. By employing a culture of accountability and ethical behavior within the organization and utilizing established accounting controls such as segregation of duties, organizations can mitigate their risk of fraud.