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.
In order to understand the types of fraud that your business may be vulnerable to, you must first understand the different sources of these crimes. Most professionals agree that the top sources of business fraud, ranked in the order of frequency and cost, are as follows: Employees and Officers.