when a person intentionally deceives another person or company for per fraud is described as the use of one's job for personal gain through the deliberate misuse of when a person intentionally deceives another person

Name: Accounting I Exam II Notes
Brand: StudySoup
SKU: 2354230
Price: 45.00 USD
Availability: InStock
Rating: 5 (1 reviews)

Chapter 4: Cash and Internal Controls Part A: Internal Controls ● Incorrect financial statements ○ Reasons: ■ Errors: accidental errors in recording transactions or applying accounting principles. ■ Fraud: a person intentionally deceives another person for personal gain or to damage that person. ● Occupational fraud: the use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the customer’s resources. There are two sources for occupational fraud: ○ Misuse of company resources