Payroll fraud and stealing company assets are examples of what type of fraud?

Payroll fraud and stealing company assets fall under intentional fraud. This type of fraud is characterized by deliberate actions taken by an individual with the intent to deceive, gain an unfair advantage, or cause harm to the organization. In the case of payroll fraud, an employee may manipulate records to receive payments for hours not worked, while asset theft involves knowingly taking company property for personal use.

Understanding intentional fraud is crucial for organizations, as it emphasizes the need for robust controls and ethical guidelines to deter such behavior. Detecting and preventing this type of fraud requires vigilance and appropriate measures, such as regular audits, employee training on ethics, and fostering a culture of accountability.

The other types mentioned do not accurately describe the nature of payroll fraud and asset theft. Common fraud does not specifically denote the intentional element, while careless and technical fraud imply unintentional or method-based actions rather than deceptive intent. Thus, intentional fraud accurately encompasses the planned and deceitful nature of these activities.