Description
Overview: This short paper will allow you to discuss the Module Two topics in more detail—namely, the types of fraud and detection methods. In your paper, discuss the three types of occupational frauds as defined by the ACFE (http://www.acfe.com/fraud-tree.aspx), fraud detection methods, as well as the relation of the elements of the fraud triangle with the occurrence of fraud.
Specifically, the following critical elements must be addressed:
I. Types of Fraud
A. Type I: Describe one of the three types of fraud, and identify the kinds of fraudulent acts that would fall under this type of fraud.
B. Type II: Describe the second of the three types of fraud, and identify the kinds of fraudulent acts that would fall under this type of fraud.
C. Type III: Describe the third of the three types of fraud, and identify the kinds of fraudulent acts that would fall under this type of fraud.
II. Fraud Detection Methods: Describe the various fraud detection methods used by auditors and forensic accountants to uncover fraudulent activity.
III. Fraud Triangle: Explain what the fraud triangle is. Describe how the various elements of the fraud triangle play a part in the occurrence of fraud. How might a manager with knowledge of the fraud triangle work to reduce the probability of fraud (e.g., stress within the workplace)?
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Explanation & Answer

Attached.
Running Head: TYPES OF FRAUDS
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Your name
Instructor name
Course
Submission date
Running Head: TYPES OF FRAUDS
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Fraud can be defined as the intentional deception intended to secure unlawful gain.
Corruption, asset misappropriation, and financial statement fraud were classified by the largest
anti-fraud organization in the world and premier provider of training education regarding fraud
(ACFE) as an occupational fraud (Ewing & Sillers, 2010).
Corruption is a criminal activity that is usually taken by an individual or an organization
that is entrusted with the sole power to manage it to gain illicit benefit. According to ACFE, the
following activities fall under this occupational fraud. Conflict of interests in both the purchasing
schemes and sales schemes, bribery both in the area of bid-rigging and kickbacks of invoices,
illegal gratitude even without contract completion, and economic extortions (Daigle, Hayes &
Morris, 2014).
Asset misappropriation is the second ACFE occupation fraud. I...
