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.
Top ten types of fraud. A fortnight ago I wrote about the âTop 10 Reasons That Frauds Occurâ. 1. Falsification of expense claims â an old favourite with both senior and junior staff. Common ârusesâ include; inflating mileage claims, entertaining friends and relatives at the companyâs expense and claiming for expenses never incurred.