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.
This type of fraud includes misappropriation of company assets (i.e., stealing cash or property by deception), financial statement fraud (lying on the financial statements) and corruption (which is typically, but not necessarily, found in government settings). + 11 others found this useful. fraud is person who cheats to gain something,for example a guy asks a other guy to pay a lot for just something old but the other guy thinks it's new.