question archive Essay Occupational fraud is using your own occupation for personal gain through the misuse or misapplication of the company’s resources or assets

Essay Occupational fraud is using your own occupation for personal gain through the misuse or misapplication of the company’s resources or assets

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Essay Occupational fraud is using your own occupation for personal gain through the misuse or misapplication of the company’s resources or assets. Corruption, such as bribery, illegal gratuities, and economic extortion, is also one way for employees to steal. However, Financial statement fraud, such as ?ctitious revenues, concealed liabilities and expenses, improper disclosures, and improper asset values, is a fraud that occurs less frequently than others, but it is the costliest. With this, how can companies reduce the likelihood occupational fraud and improve their internal control? (:15 points)

 

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