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.
On a deeper level, insurance fraud is tricking an insurance company into thinking that they owe you more than they really do either by exploiting a situation that has risen organically or by creating situations that you can milk for the insurance money. There are two different types of insurance fraud: soft insurance fraud and hard insurance fraud. Soft Insurance Fraud: Opportunistic of legitimate claim. Claiming your injuries are more severe than they are. Claiming stolen property is worth more than it is. Exaggerating claims that would otherwise be legitimate.