Which of the following types of fraud is the most common, according to the Association of Certified Fraud Examiners?
A)Corruption Schemes
B)Asset Misappropriation
C)Earnings Management
D)Financial Statement Misstatement

Question

Quizplus · Accepted Answer

Asset misappropriation is the most common type of fraud, according to the Association of Certified Fraud Examiners. This type of fraud includes theft or misuse of company assets such as cash, inventory, or equipment. Corruption schemes involve bribery or other forms of dishonesty by those in power, while earnings management and financial statement misstatement involve intentional manipulation of financial results.

Which of the Following Types of Fraud Is the Most