The ACFE defines fraud as “the use of one’s occupationfor personal enrichment through the deliberate misuse or application of the employing organization’s resources or assets”. In simple terms, frauds fall into three broad categories: asset misappropriation, corruption or fraudulent statements.                                                

=> see also the Fraud Tree:
                                   

(Source: ACFE, 2004 Report to the Nation of Occupational Fraud and Abuse)