Distinguish between "fraud" and "constructive fraud." The difference between fraud and constructive fraud is that in fraud there is no intent to deceive or do harm; however, in constructive fraud a misstatement is made where there is knowledge of its falsity. The difference between fraud and constructive fraud is that in fraud the wrongdoer intends to deceive another party whereas in constructive fraud there is a lack of intent to deceive or defraud. The difference between fraud and constructive fraud is that fraud is the absence of reasonable care that can be expected of a person in a set of circumstances; however constructive fraud is a lack of even the slightest care that can be expected of a person. The difference between fraud and constructive fraud is that fraud can occur when there is a misstatement due to recklessness of the auditor whereas in constructive fraud the intent to deceive will cause extensive harm damaging the company