Fraud can be defined as:
A) A deliberate misrepresentation to gain an advantage over another party
B) A cover-up of a mistake made in the financial statements
C) An error in preparing financial statements
D) All of these

Question

Quizplus · Accepted Answer

Fraud involves intentional deception or misrepresentation to benefit one party at the expense of another. Covering up a mistake or making an error in financial statements does not necessarily involve intent to deceive.

Fraud Can Be Defined As