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Accounting information system: Frauds in societies

Frauds in societies

Complete the following questions:  Always references are checked.

1)  Define “Fraud” and the various levels of severity (ordinary negligence, gross negligence, fraud) of fraud discussed in the chapter and class this week.  Provide examples of each to illustrate you understand the nature of the level of fraud being defined.

2)  Select four of the specific discussion examples of fraud in the chapter.  Provide non-chapter examples of each and discuss why that is a fraudulent activity and what level of severity you believe it fits within.

no plagiarism. using easy vocabulary is enough. each question about 150 words.

 

 

 

 

 

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Fraud is using a trick to have a financial advantage over another person. It can be committed against people individually or businesses as an organization. Ordinary negligence is the failure of an individual to behave like a reasonable and responsible being. Some people decide to behave as if they have no left humanity in them without caring about anyone else. Gross negligence on the other hand is the extreme careless and reckless disregard to the lives of other people and their being. It is the absolute lack of care of an individual on the lives of the others. One can sue another for gross……

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