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 can be difficult to identify because it comes in many forms, but there are two main types you should be aware of: hard fraud and soft fraud. Hard fraud is a criminal act that physically and/or financially harms an innocent victim. Soft fraud is an exaggeration or lie told to receive a payment or lower a premium.