The final of the three fraud categories is corruption.
This includes activities such as the use of bribes or
acceptance of ‘kickbacks’, improper use of confidential
information, conflicts of interest and collusive
tendering. These types of internal fraud are summarised
in Figure 1.
Surveys have shown that asset misappropriation is the
most widely reported type of fraud in UK, although
corruption and bribery are growing the most rapidly.
Further information on common types of internal fraud,
and methods by which they may be perpetrated, is
included in Appendix 2