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.
Fraud encompasses a variety of irregularities and illegal acts characterized by intentional deception. The elements of fraud are: 1  A representation about a material fact. 2  Which is false. 3  And made intentionally, knowingly, or recklessly.4  Which is believed. 5  And acted upon by the victim. 6  To the victimâs damage.he elements of fraud are: 1  A representation about a material fact. 2  Which is false. 3  And made intentionally, knowingly, or recklessly. 4  Which is believed. 5  And acted upon by the victim. 6  To the victimâs damage.