Collusion

Collusion is when two or more people or businesses get together and plan to benefit themselves financially or politically. Types of collusion Collusion can come in a variety of forms: Two or more employees work together to circumvent the segregation of duties and commit fraud.Due to management override abilities or authority, an employee may unknowingly be assisting in a fraud scheme.One employee feeds information to one or more non-employees to receive a kick-back.Two or more … [Read more...] about Collusion the accounting definition