2019 NIGA CERTIFICATION COURSE
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(c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP.
FRAUD OR ERROR – BE AWARE OF THE DIFFERENCE
FRAUD IS - INENTIONAL Ø An intentional act that results in a misstatement in financial statements. sources: http://www.aicpa.org
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(c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP.
ERROR OR FRAUD – (CONT.)
ERRORS ARE - UNINENTIONAL Ø Mistakes in the financial statements, including arithmetical or clerical mistakes, and mistakes in the application of accounting principles, including inadequate disclosures. sources: http://www.aicpa.org
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(c) 2019 - N WADDELL, CPA, CGMA, PROFESSIONAL CORP.
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