Fraud is the possibility that an event or action will cause an organization to fail to meet its objectives (or goals).

Question

Quizplus · Accepted Answer

Fraud is defined as intentional deception for the sake of personal gain. While fraud can certainly have an impact on an organization's ability to meet its objectives, it is not the possibility of an event or action causing failure, but rather a deliberate act of wrongdoing.

Fraud Is the Possibility That an Event or Action Will