Accounting fraud: Difference between revisions
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'''Accounting fraud''' is an intentional act involving the use of deception, which occurs for the purpose of distorting financial information and gaining an unfair or illegal advantage and which is carried out by one or more persons in management, those responsible for the governance of the entity, employees or third parties<ref>IFAC (2016), p. 162-163</ref>. | '''Accounting fraud''' is an intentional act involving the use of deception, which occurs for the purpose of distorting financial information and gaining an unfair or illegal advantage and which is carried out by one or more persons in management, those responsible for the governance of the entity, employees or third parties<ref>IFAC (2016), p. 162-163</ref>. | ||
On the other hand, American Institute of Certified Public Accountants tells us that tax fraud can be carried out in the following ways <ref>( | On the other hand, American Institute of Certified Public Accountants tells us that tax fraud can be carried out in the following ways <ref>AICPA (2002), item nº 6</ref>: | ||
* Tampering with, falsifying or altering the accounting records or supporting documents from which the financial statements are prepared. | * Tampering with, falsifying or altering the accounting records or supporting documents from which the financial statements are prepared. | ||
*Intentional misstatement or omission in the financial statements. | *Intentional misstatement or omission in the financial statements. | ||
Revision as of 18:20, 14 November 2022
Accounting fraud
Accounting fraud is an intentional act involving the use of deception, which occurs for the purpose of distorting financial information and gaining an unfair or illegal advantage and which is carried out by one or more persons in management, those responsible for the governance of the entity, employees or third parties[1].
On the other hand, American Institute of Certified Public Accountants tells us that tax fraud can be carried out in the following ways [2]:
- Tampering with, falsifying or altering the accounting records or supporting documents from which the financial statements are prepared.
- Intentional misstatement or omission in the financial statements.
- Intentional misapplication of accounting principles related to the amounts, classification, presentation, presentation, disclosure, presentation and disclosure of financial statements. amounts, classification, form of presentation, or disclosure.
Footnotes
References
- IFAC (2016). "Handbook of International Quality Control, Audit, Review, Other Assurance Engagements, and Related Services Pronouncements". Edition 2013 (Vol. I). New York. USA: International Federation of Accountants.
- AICPA (2002). "Statement on Auditing Standards (SAS)" No. 99: Consideration of Fraud in a Financial Statement Audit. New York: AICPA.
