The primary difference between financial
statement errors and fraud is that
a. Errors are intentional misstatements by
management, while fraud involves
unintentional mistakes or omissions.
b. Errors are more likely to provide an
indication that an illegal act has
occurred.
c. Errors are unintentional mistakes or
omissions, while fraud involves
intentional misstatements.
d. There is no difference as errors and fraud
have the same meaning.
statement errors and fraud is that
a. Errors are intentional misstatements by
management, while fraud involves
unintentional mistakes or omissions.
b. Errors are more likely to provide an
indication that an illegal act has
occurred.
c. Errors are unintentional mistakes or
omissions, while fraud involves
intentional misstatements.
d. There is no difference as errors and fraud
have the same meaning.