One Characteristic of Employee Fraud Is That the Fraud

question 15

Multiple Choice

One characteristic of employee fraud is that the fraud

• A)is perpetrated at a level to which internal controls do not apply
• B)involves misstating financial statements
• C)involves the direct conversion of cash or other assets to the employee's personal benefit
• D)involves misappropriating assets in a series of complex transactions involving third parties

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Definitions:

Behavioral Terms

Language or phrases used to describe actions, reactions, and interactions of individuals or groups in various situations.

Measurable, Quantitative Goals

Specific and quantifiable objectives that can be clearly tracked and assessed, facilitating performance evaluation and goal achievement.

Goal Progress

The advancement or movement towards achieving a predefined objective.

Peak Performance

The state of operating at the highest level of one's abilities, often resulting in exceptional achievements or outcomes.