Final answer:
Fraud is a deliberate deception for gain, while misconduct encompasses various inappropriate or unethical behaviors. Detection involves internal controls and monitoring, with the Quality Assurance department playing a key role in prevention through policies and reviews.
Step-by-step explanation:
The difference between fraud and misconduct lies in their definitions and implications. Fraud is a specific type of misconduct that involves deliberate deception for personal or financial gain. Misconduct, however, is a broader term that can encompass a range of inappropriate, unethical, or unlawful behaviors that do not necessarily involve deceit.
Detection of fraud and misconduct often involves the use of internal controls, audits, and monitoring systems. Employees and managers are also trained to recognize signs of possible unethical behavior. The Quality Assurance department plays a critical role in preventing fraud and misconduct by establishing policies and procedures that promote an ethical work environment, conducting regular reviews, and ensuring compliance with legal and regulatory standards.