Question

Explain various types of financial accounting fraud...
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Answer 1

Explanation:

ANSWER:-

Fraud comes in many forms, including bribery, kickbacks, billing fraud, payroll fraud, and more. Financial statement fraud is another common method of deception in which a company's financial data is intentionally misrepresented in an effort to mislead people and/or create the appearance of a stronger company.

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Answer 2

Internal theft, which is the stealing of company assets by employees, such as taking office supplies or products the company sells without paying for them. Internal theft is often the culprit behind inventory shrinkage.

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