Overview: This short paper will allow you to discuss the Module Two topics in more detail—namely, the types of fraud and detection methods. In your paper, discuss the three types of occupational frauds as defined by the ACFE (http://www.acfe.com/fraud-tree.aspx), fraud detection methods, as well as the relation of the elements of the fraud triangle with the occurrence of fraud.

Specifically, the following critical elements must be addressed:

I. Types of Fraud

A. Type I: Describe one of the three types of fraud, and identify the kinds of fraudulent acts that would fall under this type of fraud.

B. Type II: Describe the second of the three types of fraud, and identify the kinds of fraudulent acts that would fall under this type of fraud.

C. Type III: Describe the third of the three types of fraud, and identify the kinds of fraudulent acts that would fall under this type of fraud.

II. Fraud Detection Methods: Describe the various fraud detection methods used by auditors and forensic accountants to uncover fraudulent activity.

III. Fraud Triangle: Explain what the fraud triangle is. Describe how the various elements of the fraud triangle play a part in the occurrence of fraud. How might a manager with knowledge of the fraud triangle work to reduce the probability of fraud (e.g., stress within the workplace)?