Distinguish between different types of accounting frauds

Question

In which two types can business fraud be separated?

Answer 1

Employee fraud and management fraud

Answer 2

- Fraudulent Statements
- Corruption
- Asset Misappropriation
- Investment scams

Answer 3

(Top) Management presents the results and affairs of the organization in a better light than reality. (Overstating assets / understating liabilities) >obtain financing/increase bonuses/share price.

Answer 4

o Skimming > stealing cash before recording
o Cash larceny (lapping) > cash receipts stolen after recording
o Billing schemes
o Check tampering > forging or changing a check
o Payroll fraud > fraudulent paychecks
o Expense reimbursements
o Thefts of cash
o Non-cash misappropriations
o Computer fraud
 Data collection fraud
 Data processing fraud
 Program fraud
 Operations fraud
 Database management fraud
 Information generation fraud