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.
Whatever the name it goes by, the types of business fraud can be categorized into three main areas: bribery and corruption, asset misappropriation and financial statement fraud. In many fraud schemes more than one type of fraud is present. slide 2 of 5.