'Illegal acts,' as opposed to fraud, are defined as violations of:
A) law which would result in the arrest of the perpetrator.
B) laws or government regulations, other than fraud.
C) laws or government regulations, other than errors.
D) laws or government regulations, other than irregularities.

Question

Quizplus · Accepted Answer

Illegal acts refer to violations of laws or government regulations that do not necessarily involve an intent to deceive, but still have a negative impact on the organization or its stakeholders. This can include actions that are prohibited by law, such as theft, embezzlement, or money laundering, as well as actions that violate regulations or agreements, such as violating environmental standards or breaching contract terms. Unlike fraud, illegal acts do not require an intent to deceive, but they do have legal consequences and may result in criminal charges, civil penalties, or other sanctions.

'Illegal Acts,' as Opposed to Fraud, Are Defined as Violations