Fraud prevention in accounting is the practice of taking precautionary measures to protect an organization’s financial information and assets. It involves developing policies, procedures, controls, and systems to ensure that organizations have reliable data to make sound decisions, are aware of any potential fraudulent activities, and can respond quickly if fraud takes place. This proactive approach requires organizations to be vigilant in their efforts to prevent, detect, and investigate incidents of fraud. With a well-managed fraud prevention program, organizations can effectively manage their risks and maintain financial stability.