Question

Which of the below are examples of
Fraud? (Select all the applicable options)
Falsification of accounting records or
documents
Processing error
Misrepresentation or omission of
significant information in financial
records
♡
Improper processing of transactions
resulting in personal gain​

Answer 1

Answer:

Here's Your Answer

Explanation:

1) Falsification of accounting records or documents.

2) Misrepresentation or omission of significant information in financial records.

Answer 2

Following are examples of fraud

• Falsification of accounting data or documents

• Misrepresentation and omission of notable information from financial records
• Improper processing of the transactions which results in personal gain

Explanation:

• Falsification of accounting data or documents is making of, any false or fraudulent entry in any registered book of account or document belonging to the company
• Misrepresentation or in other words omission of significant information within financial records contains misrepresentation which is an affirmative act for making wrong and confusing statements on fact, while the omission is a failure to reveal the essential facts.
• False processing of transactions that results in personal gain

Hence, all the given alternatives are examples of fraud.