Collusion Accounting

Introduction

It is an agreement between two or more people to defraud a person of his or her rights or to obtain something that is prohibited by law. A secret arrangement wherein two or more people whose legal interests seemingly conflict conspire to commit FRAUD upon another person; a pact between two people to deceive a court with the purpose of obtaining something that they would not be able to get through legitimate judicial channels.

Discussion and Analysis

Collusion is a form of interfirm conduct pattern in which firms arrive at an agreement or 'understanding' covering their market actions. Successful collusion requires the ...