What Percentage of Occupational Fraud Is Committed by Upper Management

question 32

Multiple Choice

What percentage of occupational fraud is committed by upper management?

• A)19%
• B)33%
• C)29%
• D)12%

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Definitions:

Insider

(1) A corporate director or officer, or other employee or agent, with access to confidential information and a duty not to disclose that information in violation of insider-trading laws. (2) In bankruptcy proceedings, an individual, partner, partnership, corporation, or officer or director of a corporation (or a relative of one of these) who has a close relationship with the debtor.

Inside Information

Privileged, non-public information that could provide an unfair advantage in financial trading or decision-making.

Securities Exchange Act

A U.S. law enacted in 1934 to govern the trading of securities, such as stocks and bonds, in order to protect investors and maintain fair and efficient markets.

Securities Act

A U.S. federal law enacted in 1933 that governs the first sale of securities (stocks, bonds) to the public, requiring disclosure and registration.