Accounting fraud: Difference between revisions
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==Accounting fraud== | ==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 charged with governance, 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 charged with governance, 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>(AICPA, 2002, SAS 99, punto nº 6)</ref>: | |||
- 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== | ==Footnotes== | ||
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== References == | == 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. | *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. | |||
Revision as of 18:48, 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 charged with governance, 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.
