Acfe finance test Study guides, Class notes & Summaries

Indemnity bond - reimburses its holder for any loss to third-party beneficiaries when the insured fails to fulfill a specific undertaking for the third party's benefit. Casualty insurance - indemnifies against legal liability to others for injury or damage to persons, property, or other defined legal interests because of specified risks or conduct. Fidelity insurance - indemnifies against economic loss to the insured because of employee dishonesty. Disability insurance indemnifies agai...

Chapter 1 Fraud: An Introduction Steven L. Skalak, Manny A. Alas, and Gus Sellitto Fraud evokes a visceral reaction in us. It is an abuse of our expectation of fair treatment by fellow human beings. Beyond that, it is a blow to our self-image as savvy managers capable of deterring or detecting a fraudulent scheme. Whether we react because of our values or our vanity, nobody likes to be duped. Many elements of modern society are focused on maintaining an environment of fair dealing. Laws ...