According to the ACFE study, the most common form of occupational fraud is: a. bid-rigging. b. fraudulent statements. c. corruption. d. asset misappropriation.

The answer is D. Asset misappropriation.

Explanation:

Asset misappropriation refers to the use of assets that belong to a company or a client to obtain a personal benefit. However, the average loss related to each fraud case is not significant. In terms of asset misappropriation, there are two important categories, cash and noncash.

Some of the most common methods used by the different employees on the company asset side include skimming, larceny, billing fraud, payroll fraud, among others. Some of the most popular methods used on the client asset side are embezzlement, larceny, as well as Ponzi schemes.