Accounting fraud

I never did that, there is are two measures called as Z-score which predicts bankruptcy and M-score which interprets fraud

That is possibly true. I bet the red flags could be wrong as per my knowledge cause audit threshold gives margin for 3% error. Consider an accountant cheating 3 lakhs from 5 crores revenue, how will the red flag. I am assumptions only and not sure if threshold limits are applicable in India.

***assuming and sry for typo error