An act of fraud involving embezzlement, misappropriation, fudging, or concealment of related party transactions or diversion of funds is the intentional misuse of another person's property without their knowledge.
An act of fraud involving embezzlement, misappropriation, fudging, or concealment of related party transactions or diversion of funds is the intentional misuse of another person's property without their knowledge.
Employee theft is a serious problem for businesses. According to research, 75% of employees admit to stealing something from the workplace, and 75% of those who have stolen reported that they stole at least once per year.