Which of the following is NOT a type of Accounts Payable fraud?

Tax fraud is considered distinct from accounts payable fraud as it generally involves the intentional misreporting of income or expenses to reduce tax liability, engaging with external tax laws and regulations. Accounts payable fraud, on the other hand, specifically pertains to fraudulent activities occurring within the accounts payable function of a business, which typically involves manipulation related to vendor payments or the creation of fictitious vendors.

Payment fraud involves tampering with payment processes or using unauthorized transactions, while vendor fraud refers to schemes where vendors manipulate invoices or engage in collusion with employees to inflate costs or create false invoices. Occupational fraud, which encompasses a broad range of fraudulent acts carried out by employees of an organization for personal gain, may sometimes intersect with accounts payable practices, but it is not exclusively related to that specific area.

Understanding the distinction between these types of fraud is vital for accounts payable professionals, as it emphasizes the need for targeted preventive measures within the accounts payable processes to protect the organization from fraud specifically related to vendor payments and invoice handling.