What is Fraud?
Also known as: fraud
An intentional act involving deception to obtain an unjust or illegal advantage. In auditing, misstatements resulting from fraud are of two types: intentional misstatement of the financial statements (fraudulent financial reporting) and misappropriation of assets. Unlike fraud, an error is unintentional.
Source: IAASB: 240-son XAS (qayta ko'rilgan), auditorning firibgarlikka oid mas'uliyati