Final answer:
The three main types of fraud against organizations are misappropriation of assets, corruption, and financial statement fraud. Misappropriation includes actions like embezzlement, while corruption might involve bribery. Financial statement fraud is the manipulation of financial records.
Step-by-step explanation:
Types of Fraud Against Organizations
The three types of fraud against organizations used by employees, vendors, and customers to steal an organization's assets are misappropriation of assets, corruption, and financial statement fraud. Misappropriation of assets involves theft or misuse of an organization's resources, such as stealing company property or skimming cash. Corruption includes acts of bribery, kickbacks, or nepotism, where the perpetrator influences business decisions for personal gain. Financial statement fraud involves manipulating financial records to present a more favorable view of the company’s financial position than is actually the case.
Corporate crime such as embezzlement is a form of misappropriation where an individual in a position of trust steals from a company. Identity theft, on the other hand, involves stealing personal information to commit fraud or other crimes, and can be part of a larger scheme to defraud an organization or its customers. Combating these crimes requires vigilance, strong internal controls, and a culture of ethics within the organization.