Thursday, February 11, 2021
Csnotes
Secretarial Audit- Fraud Detection and Reporting
The term Fraud can be defined as 'dishonestly obtaining a benefir, or causing a loss, by deception or other means. More specifically fraud is defined by Black's Law Dictionary as:
1. A knowing misrepresentation of the truth or concealment of a material fact to incduce another to act to his or her detriment.
2. A misrepresentation made recklessly without belief in its truth to induce another person to act.
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