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Accounting All-in-One For Dummies, with Online Practice, 2nd Edition
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Accounting All-in-One For Dummies, with Online Practice, 2nd Edition

by Joseph Kraynak
April 2018
Beginner content levelBeginner
768 pages
20h 9m
English
For Dummies
Content preview from Accounting All-in-One For Dummies, with Online Practice, 2nd Edition

Chapter 6

Getting to Know the Most Common Fraud Schemes

IN THIS CHAPTER

check Examining frauds committed by businesses against the public

check Recognizing frauds committed against businesses

check Focusing on frauds against the government

check Getting acquainted with the Ponzi scheme

Everyone is affected by fraud, either directly or indirectly. Even if you haven’t been a victim of fraud, you pay for it. Think about it: Does your credit card company really need to charge you 24 percent interest and all those big fees? It does so to make up for all the costs associated with phony credit cards, stolen credit cards, and customers who just don’t pay.

This chapter introduces some of the most common types of fraud committed by businesses, against businesses, and against the government. The goal here isn’t to give you all the details about every type of fraud imaginable. Instead, this chapter simply gets you thinking about what fraud often looks like so you have a sense of the scope of work an accountant may encounter when addressing possible fraud — the willful intent to deceive.

Frauds Committed by Businesses ...

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Publisher Resources

ISBN: 9781119453895Purchase book