Fraud and Fraud Management

It is an act of deliberate deception with the intention of gaining some benefits or simply deprivation by deceit.

It is a key area of risk management because it raises financial, compliance and reputational risk.

Fraud generally falls into:

  1. Category of removal of funds or assets from an organization.
  2. Category of intentional misinterpretation of the financial position of the business in order to mislead shareholders, tax authority and regulatory authority.
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