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RUNNING HEAD: INTERNET ASSIGNMENT1Internet AssignmentAngela SwansonRasmussen CollegeAuthor NoteThis research is being submitted on December 13, 2015 for Mark Jonas A276/ACG2680 Section 3 Financial Investigation Course.
RUNNING HEAD: INTERNET ASSIGNMENT2Internet AssignmentJ. T. Wells, the articles author, says the cost of occupational fraud is very difficult to calculate. When fraud is committed in a business it is usually concealed and the business usually doesn’t know that it is happening. Most frauds are not found for years after they fraud has been committed and most fraud is not reported or the employee is not prosecuted. (Wells, J.T. (2004)The three major frauds are asset misappropriations which involves the theft or misuse of a business’s assets including skimming revenues, stealing inventory, and payroll fraud.