The most common fraud committed on behalf of an organization is:
a. Vendor fraud
b. Employee embezzlement
c. Fraudulent financial reporting
d. Customer fraud
c
FEEDBACK: a. Incorrect. Vendor fraud is not committed on behalf of the organization. Vendor fraud is committed against the organization.
b. Incorrect. Employee embezzlement is an occupational fraud that focuses on deceiving the organization.
c. Correct. This is the only answer where the organization (the organization's management) is actually responsible for the fraud.
d. Incorrect. Customer fraud is not committed against the customer but by the customer. Customer fraud is also committed against the organization.
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