Fraudulent Financial Reporting and Misappropriation of Assets Differ in That

question 28

Multiple Choice

Fraudulent financial reporting and misappropriation of assets differ in that fraudulent financial reporting is committed by:

• A) Management, to deceive financial statement users while misappropriation of assets is committed against an entity, most often by employees.
• B) Employees, to deceive financial statement users while misappropriation of assets is committed against an entity, most often by management.
• C) Both A & B
• D) None of the above

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Definitions:

Code of Conduct

A set of rules outlining the norms, rules, and responsibilities of, or proper practices for, an individual, party or organization.

Protects the Public

Measures or actions taken by organizations or the government to ensure the safety, welfare, and rights of the general population.

Ethical Responsibilities

The moral obligations or duties that individuals or organizations have towards others, including honesty, integrity, and fairness.

Trademark Symbol

A symbol (™ for an unregistered trademark, ® for a registered trademark) used to indicate that a word, phrase, or logo is being claimed as an exclusive property by an individual or a corporation.