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Forensic Accounting

Category - Fundamental Forensic Knowledge

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What differentiates fraud from a mistake?

Mala fide intent
Nature of the wrongdoing
Subjective in nature
One and the same

Explanation

Answer: A - There is a thin line between what constitutes a fraud and mistake. Fraud is knowingly doing the wrong thing, whereas, a mistake is a genuine inadvertence.

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Forensic Accounting

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