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Definitions

Here are definitions of the terms 'Fraud' and 'Forensic Accounting' that we have used in our website:

Fraud

Fraud Act 2006, Section 1.

(1)A person is guilty of fraud if he is in breach of any of the sections listed in subsection (2) (which provide for different ways of committing the offence).

(2)The sections are—

(a)section 2 (fraud by false representation),

(b)section 3 (fraud by failing to disclose information), and

(c)section 4 (fraud by abuse of position).

(3)A person who is guilty of fraud is liable—

(a)on summary conviction, to imprisonment for a term not exceeding [*the general limit in a magistrates’ court] or to a fine not exceeding the statutory maximum (or to both);

(b)on conviction on indictment, to imprisonment for a term not exceeding 10 years or to a fine (or to both).

(4)Subsection (3)(a) applies in relation to Northern Ireland as if the reference to 12 months. 

*Words in s. 1(3)(a) (and, by implication, the same words in s. 1(4)) substituted (7.2.2023 at 12.00 p.m.) by virtue of The Judicial Review and Courts Act 2022 (Magistrates’ Court Sentencing Powers) Regulations 2023 (S.I. 2023/149)regs. 1(2)2(1)Sch. Pt. 1

Forensic Accounting

The integration of accounting, auditing and investigative skills yields the speciality known as Forensic Accounting. "Forensic", according to the Webster's Dictionary means, "Belonging to, used in or suitable to courts of judicature or to public discussion and debate."

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