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.

Question

Quizplus · Accepted Answer

Occupational fraud is the deliberate misuse or misapplication of an organization's resources for personal gain by an employee. It is a widespread problem in many organizations and can involve significant amounts of money. Employing an auditor can help detect and prevent occupational fraud, but it cannot completely eliminate the risk.

Occupational Fraud