Fraud involves more Planning than does Theft

In Fraud Theft, by contrast, requires only the unauthorized taking of another’s property with the intent to permanently deprive the other of the property. Because fraud involves more planning than does theft, it is punished more severely.in Fraud criminal statutes provide for the punishment of persons convicted of fraudulent activity. Interstate fraud and fraud on… Continue reading Fraud involves more Planning than does Theft

Fraud is by False or Misleading Allegations

Fraud, errors, anomalies, inefficiencies, and biases which refer to people gravitating to certain dollar amounts to get past internal control thresholds. These types of Fraud are always followed by more focused tests to look for fraud of highly irregular transactions. Fraud also includes suggested tests to identify financial statement irregularities. Fraud is a false representation… Continue reading Fraud is by False or Misleading Allegations