2024 – Topic 1 What is Fraud Forensic accountants and fraud examiners provide support

Forensic accountants and fraud examiners provide support for accusations of fraud. To be effective, they must understand the difference between fraud and abuse, and must understand the legal concept of fraud, as well as elements of fraud. Additionally, since the issuance of SAS No. 99, all accountants should be able to articulate elements of fraud and the auditor’s responsibility to detect fraud.

• What is fraud?
• What is the difference between fraud and abuse?
• According to the fraud profile in the text, who are the perpetrators of fraud, and how do their characteristics affect fraud losses?

Research the textbook, the Internet, and other resources and post your responses per the Syllabus guidelines.
Note: If you use any short quote, you must cite and reference it using APA format. For a short tutorial on APA format and citation style, you can access APA Simply Stated in the Doc Sharing area of the course room. Alternatively you may access APA assistance from the KU Writing Resources located in the home area of the course room.