Question

Classifications of Occupational Fraud:

1) Asset ________
2) C_________
3) Fraudulent ___________

Answer 1

The classifications of occupational fraud are asset misappropriation, corruption, and fraudulent statements.

Step-by-step explanation:

Classifications of Occupational Fraud:

1. Asset misappropriation: This type of fraud involves the theft or misuse of company assets by an employee. Examples include embezzlement, theft, and misuse of company funds or property.
2. Corruption: This refers to fraud involving bribery, kickbacks, or other forms of unethical behavior to gain financial or personal benefits.
3. Fraudulent statements: This type of fraud involves intentionally deceiving the company or its stakeholders through false financial statements, reports, or other records.