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.
Fraud against a business includes the theft of physical assets including cash (particularly in a. retail setting) or inventory. The theft of inventory is typically perpetrated by an employee and. can be discovered rather quickly in an environment where there are strong internal controls. There are essentially two types of inventory fraud: actual physical loss and financial statement. fraud.