Occupational fraud occurs when individuals use their occupations or job positions to rip off an organization. The average organization loses 7 percent of its annual revenues to this type of fraud, according to the 2008 Report to the Nation on Occupational Fraud & Abuse, from the Association of Certified Fraud Examiners (ACFE). Occupational fraud that affects AP includes phony invoices, check tampering, and expense report padding.
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