General Notes to learn

Question 1

What are the three types of Fraud?

Answer 1

-Theft
-False Accounting (Window Dressing)

Question 2

What are the three prerequisites for fraud?

Answer 2

-Motive - Incentive to commit the crime
-Rationalism - Justification for committing the crime
-Opportunity - to commit the fraud like a weakness in the system

Question 3

What are the three main points of the fraud act 2006?

Answer 3

-False representation
-Failing to disclose information
-Abuse of position