What Are the Two Major Classifications of Fraud

question 70

Multiple Choice

What are the two major classifications of fraud?

• A) intent and rationalization
• B) misappropriation of assets and materiality
• C) misappropriation of assets and fraudulent financial reporting
• D) fraudulent financial reporting and intent

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Definitions:

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning techniques.

Psychotherapy

A therapeutic treatment approach aimed at helping individuals understand and resolve their psychological problems through verbal communication with a therapist.

Environmental Events

External factors and occurrences in one’s surroundings that can influence behavior, emotions, and psychological well-being.

Consciousness Raising

The practice of increasing awareness around social, political, and personal issues, often aimed at fostering change.