Which of the following is not one of the four common elements of occupational fraud and abuse first identified by the Association of Certified Fraud Examiners in 1996?
A) The activity costs the employing organization assets, revenues, or reserves.
B) The activity violates the employee's fiduciary duties to the organization.
C) The activity is clandestine.
D) The activity is restricted to corporate executives.

Question

Quizplus · Accepted Answer

The fourth common element of occupational fraud and abuse identified by the Association of Certified Fraud Examiners in 1996 is that the activity is committed by individuals who are trusted, respected, and known to the organization, such as employees, managers, and executives. The choice D states that the activity is restricted to corporate executives, which is incorrect as occupational fraud and abuse can be committed by employees at all levels within an organization.

Which of the Following Is Not One of the Four