Occupational fraud involves the deliberate misuse or misapplication of an organization's resources for personal enrichment. It is a significant and widespread problem in organizations of all sizes and types, and it can be committed at any level of the organization. Auditors can help to detect and prevent occupational fraud, but they cannot guarantee that it will not occur.

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Occupational Fraud

Question 5

Multiple Choice

Occupational fraud:

A) Is the use of one's occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization's resources.
B) Occurs in only a few organizations and generally involves minor amounts.
C) Will be prevented when companies employ an auditor.
D) Is committed only by lower-level employees.

Correct Answer: