In law, fraud is deliberate deception to secure unfair or unlawful gain or to deprive a...

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In law, fraud is deliberate deception to secure unfair or unlawful gain or to deprive a victim of a legal right. Fraud itself can be a civil wrong, a criminal wrong, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, such as obtaining a passport or travel document, driver's license or qualifying for a mortgage by way of false statements. Question: 1. Explain THREE objectives of auditor need to achieve when detecting the fraud. In law, fraud is deliberate deception to secure unfair or unlawful gain or to deprive a victim of a legal right. Fraud itself can be a civil wrong, a criminal wrong, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, such as obtaining a passport or travel document, driver's license or qualifying for a mortgage by way of false statements. Question: 1. Explain THREE objectives of auditor need to achieve when detecting the fraud.

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When detecting fraud auditors typically have three primary objectives 1 Detection and prevention of ... View the full answer