Summary: Association Of Certified Fraud Examiner
The definition of fraud is manipulating financial operations by providing false or misleading financial statements and this deception is considered to be detrimental not only to the company but also to customers, consumers and creditors. Association Of Certified Fraud Examiner
(ACFE )defines fraud as a false statements that an individual or entity knows that a lie may result in some unauthorized person or any other party or entity of profit. Also,ACFE defines fraud as an act of fraud or error committed by a natural or legal person who knows that the error may result in certain benefits that are not for individuals or entities or other parts. (Ernst & Young LLP, 2009).Moreover, fraud occurs in financial transactions in several ways. First,
(ACFE )defines fraud as a false statements that an individual or entity knows that a lie may result in some unauthorized person or any other party or entity of profit. Also,ACFE defines fraud as an act of fraud or error committed by a natural or legal person who knows that the error may result in certain benefits that are not for individuals or entities or other parts. (Ernst & Young LLP, 2009).Moreover, fraud occurs in financial transactions in several ways. First,