The Most Efficient Way to Conceal Asset Misappropriation Is to

question 56

Multiple Choice

The most efficient way to conceal asset misappropriation is to

• A) write-off a customer receivable as bad debt.
• B) alter monthly bank statements before reconciliation.
• C) alter monthly physical inventory counts to reconcile to perpetual inventory records.
• D) record phony payments to vendors.

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Groups or teams within an organization designated to perform specific tasks or functions.