Common Types of Fraud: Financial Statement Fraud
• Falsification of an organization’s financial statements to conceal the misappropriation of funds. • Involve a falsification of financial statements. • This is the most costly form of occupational fraud with a median loss of $1,000,000 in 2012 Report.
Most Common Fraud Schemes (2012 Report)
Homer Law, Chtd. 2013
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