Question 5 Common violations pertaining to occupational fraud and abuse include all of the following except:
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such as skimming, check tampering, payroll fraud, expense reimbursements and cash register disbursements, among others.
Corruption schemes are where an employee misuses his or her influence in a business transaction in a way that violates his or her duty to the employer in order to gain a direct or indirect benefit. Examples include bribes, kickbacks and bid-rigging, whereby a project bidding process is rigged to favor a particular party.
Financial statement fraud schemes are where an employee(s) intentionally causes a misstatement or omission of material information in the organization’s financial reports. Examples include recording fictitious revenues, understating expenses or artificially inflating reported assets. While financial statement fraud is the most infrequent type of occupational fraud, it is significantly more expensive than the other types of fraud.