The ACFE (Association of Certified Fraud Examiners) is the world's largest anti-fraud organization, based in Austin, Texas, focusing on education and training against fraud. It identifies three primary types of fraud: corruption, which involves dishonest behavior by those in power; asset misappropriation, the most common fraud type, involving theft and misuse of company assets; and financial statement fraud, which is the deliberate manipulation of financial data to mislead stakeholders. For more detailed information on the ACFE fraud tree, a link is provided for further exploration.

1. ACFE
FRAUD TREE

2. THE ACFE
 The Association of Certified Fraud Examiners is the world largest anti-fraud organization
based in Austin, Texas. It is pioneer institute in providing anti-fraud education and training.

3. CORRUPTION
 Corruption can be defined as the dishonest behavior by the person holding power, like
managers or officials. Act of corruption includes transaction of bribes (in form of cash or in
kind), manipulation and money laundering, under table transactions, defrauding investors
etc. The act of corruption is an unethical practice.

4. ASSET MISAPPROPRIATION
 Asset Misappropriation is the most commonly occurred fraud practice within the
corporations. According to the ACFE, more than 91% of internal frauds includes the asset
misappropriation. It includes theft and misuse of assets of the company.

5. FINANCIAL STATEMENT FRAUD
 Financial statement fraud is the deliberate misrepresentation, misstatement, manipulation
or omission of data in financial statements with the intention of misleading or creating a
false impression about the company and its performance on the users of financial
information.

6. HEY FRIEND,
This was just a summary on ACFE Fraud Tree. For more detailed information on this topic, please
type the link given below or copy it from the description of this PPT and open it in a new browser
window.
www.transtutors.com/homework-help/accounting/schemes-acfe-fraud-tree/

7. HEY FRIEND,
This was just a summary on ACFE Fraud Tree. For more detailed information on this topic, please
type the link given below or copy it from the description of this PPT and open it in a new browser
window.
www.transtutors.com/homework-help/accounting/schemes-acfe-fraud-tree/