extrinsic fraud Synonyms

No Synonyms and anytonyms found

extrinsic fraud Meaning

Wordnet

fraud that prevents a party from knowing their rights or from having a fair opportunity of presenting them at trial

Extrinsic fraud, unlike intrinsic fraud, involves misrepresentations made by third parties outside an organization.
Extrinsic fraud can also be carried out by individuals who are not directly involved with the organization.
Extrinsic fraud typically involves financial misstatements that are intentionally misrepresented to deceive users of financial statements.
Examples of extrinsic fraud include fraudulent financial statements, Ponzi schemes, and pyramid schemes.
Extrinsic fraud can also involve the falsification of documents, such as false invoices or contracts.
Extrinsic fraud can be difficult to detect because it often involves complex financial transactions.
Auditors are responsible for detecting and preventing extrinsic fraud, but they can only do so if they are aware of the potential risks.
Companies can protect themselves from extrinsic fraud by implementing strong internal controls and conducting regular audits.
Extrinsic fraud can have a significant impact on an organization's reputation and financial stability.
Extrinsic fraud is a serious crime, and those who are convicted of it can face severe penalties.

fraud that prevents a party from knowing their rights or from having a fair opportunity of presenting them at trial

No synonyms found.

No antonyms found.

Extrinsic fraud, unlike intrinsic fraud, involves misrepresentations made by third parties outside an organization.

Extrinsic fraud can also be carried out by individuals who are not directly involved with the organization.

Extrinsic fraud typically involves financial misstatements that are intentionally misrepresented to deceive users of financial statements.

Examples of extrinsic fraud include fraudulent financial statements, Ponzi schemes, and pyramid schemes.