Accounting & Financial Management

Accounting Fraud

Accounting fraud is the phrase used to describe a situation when an employee of a business entity steals, misappropriates or embezzle money or other resources. Anybody in the position of stealing ranging from unit managers to accounting clerks or chief financial officer can perpetrate this kind of fraud. Factors like enriching oneself, covering for errors, and covering for a loved one can be the motive behind the commission of accounting fraud. The interesting stuff about accounting fraud is that small discovery usually lead to massive exposure of fraud.

• Context and perspective


• SEC/DOJ


• Guidance Global perspective


• Indicators of opportunity