ACFE classifies three main categories of occupational fraud: (a) assets misappropriation, (b) corruption fraud, (c) financial statement fraud. We also have learned from textbook chapter on occupational fraud with various types of frauds against organization. Our key topical discussion this time focus on the categories (a) assets misappropriation, and (b) corruption fraud (See attached slides and textbook). Assets misappropriation typically involves with fraud schemes in skimming, larceny, billing scheme, check tampering, cash registry, expense reimbursement, payroll scheme, bid rigging, etc., whereas corruption category involves with bribery, conflict of interest, economic extortion, and illegal gratuities etc. schemes. Since we have studied the respective definition and the negative impact, we now would like you to help share some stories. Please search fraud story online or via library database, and find “one fraud case” that is directly related to at least one of the above categories 

(a) misappropriation, or 

(b) corruption. You are required to 

(1) posting your short summary on the case which identify the type of fraud scheme, 

(2) briefly describe what can be done to avoid such schemes for the future, 

(3) if it is with any (legal) consequences. If you can offer a weblink to refer the story in detail, or can find a way copy/paste/edit on the story for reviewing its complete story, that will be great.

Answer rating: 100% (QA)

Misappropriation of belongings corruption and monetary declaration fraud all fall below the identical umbrella Heres how commercial enterprise proprietors can guard themselves The maximum not unusualp... View the full answer