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Forensic Accounting

Category - Specialized Forensic Knowledge

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Which of the following is NOT an element of fraud?

Misrepresentation
Miscalculation
Damages
Reliance

Explanation

Answer: B - Miscalculation is not an element of fraud. Misrepresentation, damages, and reliance are three key elements of fraud. The fourth element is scienter.

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Forensic Accounting

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Forensic Accounting

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