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what is meant by the term “fraud”? Separately, what's the difference between someone committing an error...

what is meant by the term “fraud”? Separately, what's the difference between someone committing an error versus fraud in business?

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Answer #1
Fraud refers to intentional act undertaken to deceive someone for its own financial or personal gain.
An act which is conducted with the intention of earning by illegal or dishonest way
Errors are unintentional act and its not undertaken to decieve someone while fraud is intentional act undertaken by deceiving someone
In Error there is no personal benefit or financial gain while in fraud there is personal benefit or financial gain
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