Fraud in business
Fraud is the deliberate breach of trust by an individual or company which results in embezzlement or misappropriation of assets or falsification of information which results then direct or indirect a benefit to the perpetrator.
Types of fraud
Because fraudsters are continuously innovative the list of types of frauds is virtually endless however we will shed lights on the most popular ones one way to be off today about a fraudster gimmicks to sign up for a newsletter.
Employee fraud is divided into3
1. Asset misappropriation
3. Reporting fraud
Asset misappropriation: This is the theft of company assets by an employee it has various types and its discussed below.
This includes payments to fictitious suppliers and invoices,
Learn the types of fraud and how to deal with them.