The word ARMY was not intended to be an acronym for anything. Army simply means a group of men that are armed to fight other groups of armed men.
Answer added by: Abd ElRahman Mohammed Idris Mohammed Internal Audit Manager 2 years ago. The three main types of fraud are: 1- Misstatements (fraudulent financial reporting). 2.- Misappropriation of company assets (theft) 3- Corruption (bribes, conflict of interests.) 0 Comments.
The amount can vary greatly, from a few thousand dollars to millions. Let me share some true stories that highlight four common types of fraud for business owners and ways they can be avoided: 1. Payroll fraud. Last year, we took on a local construction firm as a new client.