Final answer:
Payroll fraud is the type of fraud that is perpetrated least often.
Step-by-step explanation:
Out of all the types of frauds discussed in this chapter, the type that is perpetrated least often is payroll fraud. Payroll fraud refers to the manipulation of payroll systems to gain unauthorized financial benefits. This type of fraud often involves creating fake employees or altering existing employee records to divert funds.
Payroll fraud is less common compared to other types of fraud because it typically requires insider knowledge and access to payroll systems. Unlike other types of fraud that can be carried out remotely or with minimal direct involvement, payroll fraud usually requires an individual within the organization who has the capability to manipulate payroll records.
While payroll fraud may be less common, it can still have significant financial implications for organizations. Companies should implement strong internal controls and regularly audit their payroll systems to minimize the risk of fraud.