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.

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.