Fraud: Difference between revisions
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imported>Doug Williamson (Updated entry. Source ACT Glossary of terms) |
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''Law.'' | ''Law.'' | ||
A criminally false representation by means of a statement or conduct made knowingly or recklessly in order to gain a material advantage. | A criminally false representation by means of a statement or conduct made knowingly or recklessly in order to gain a material advantage, usually, but not necessarily, a financial advantage. | ||
Financial frauds usually involve concealment as well as false representations. | Financial frauds usually involve concealment as well as false representations. | ||
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[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category:Financial_risk_management]] | |||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
Revision as of 10:36, 19 November 2014
Law.
A criminally false representation by means of a statement or conduct made knowingly or recklessly in order to gain a material advantage, usually, but not necessarily, a financial advantage.
Financial frauds usually involve concealment as well as false representations.
See also
Other links
Fraud and the recession, Will Spinney, ACT 2009
UK businesses fined over £166m for misconduct, Sally Percy, Oct 2013
