Why do you think fraud is defined differently

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Question: Part 1: 1. Based on authoritative sources (including peer reviewed articles from the library, Fraud Examiners Manual, AICPA, etc), compare and contrast at least 4 definitions of fraud. Why do you think fraud is defined differently and do you think there should be a uniform definition?

2. You make some interesting points, first you noted that fraud needs to be intentional. Do you think that is difficult to prove? Second, you say there should be a uniform definition, what would you include in this definition so that fraud is defined the same way universally?

Part 2: 1. Based on authoritative sources (including peer reviewed articles from the library, Fraud Examiners Manual, AICPA, etc), discuss the differences and similarities between the AICPA Professional Code of Conduct and the ACFE Code of Ethics. How do you think each codes relates to the specific area of expertise covered? Do you think the codes need updating? Why and what sections?

2. Nice layout for the post. In your differences you make a good point about who uses the work of a CPA vs a CFE. In other words, an auditor is looking out for the public (external users), while a fraud examiner is asked to investigate something typically by the company. Do you think this makes the biggest difference in how the 2 codes are written?

Reference no: EM132382005

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