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What is the difference between management and employee fraud

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Puja Agarwal asked over 2 years ago

What is the difference between management and employee fraud

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4 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered over 2 years ago

Management fraud involves one or more members of management or those charged with governance. Those charged with governance - "Governance" is the term used to describe the role of persons entrusted with the supervision, control, and direction of an entity. Those charged with governance ordinarily are accountable for ensuring that the entity achieves its objectives, financial reporting, and reporting to interested parties.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered over 2 years ago

anagement fraud involves one or more members of management or those charged with governance. Those charged with governance - "Governance" is the term used to describe the role of persons entrusted with the supervision, control, and direction of an entity.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

Management fraud involves one or more members of management or those charged with governance. Those charged with governance - "Governance" is the term used to describe the role of persons entrusted with the supervision, control, and direction of an entity. Those charged with governance ordinarily are accountable for ensuring that the entity achieves its objectives, financial reporting, and reporting to interested parties. Those charged with governance include management only when it performs such functions.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Prity answered over 2 years ago

What is the difference between management and employee fraud? Fraud refers to an intentional act by one or more individuals among management, those charged with governance, employees, or third parties, involving the use of deception to obtain an unjust or illegal advantage. Management fraud involves one or more members of management or those charged with governance. Those charged with governance - "Governance" is the term used to describe the role of persons entrusted with the supervision, control, and direction of an entity. Those charged with governance ordinarily are accountable for ensuring that the entity achieves its objectives, financial reporting, and reporting to interested parties. Those charged with governance include management only when it performs such functions. Employee fraud involves only employees of the entity. Fraud may also involve third parties outside the entity through collusion by management, those charged with governance or employees.

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