Discussion Topic: What is Fraud?

Forensic accountants and fraud examiners provide support for accusations of fraud. To be effective, they must understand the difference between fraud and abuse, and must understand the legal concept of fraud, as well as elements of fraud.

How does fraud differ from abuse? Give an example of each.

What are the legal elements of fraud? $($Hint: there are four!$)$; explain each element.

Research the internet or Purdue Global Library to find a fraud case and give an example of what you would need to prove each of the four elements of fraud.