The Type of Fraud Committed by Employees of an Entity

question 159

Multiple Choice

The type of fraud committed by employees of an entity who steal money from the company and cover it up through erroneous entries in the books is called:

• A) misappropriation of assets.
• B) fraudulent financial reporting.
• C) embezzlement.
• D) collusion.

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Definitions:

Rule Of Law

An unwritten convention inherited from Britain that recognizes that although Parliament is supreme and can create any law considered appropriate, citizens are protected from the arbitrary actions of the government.

Charter Of Rights And Freedoms

A foundational document in Canada that outlines the rights and freedoms guaranteed to individuals, typically protecting citizens from government actions.

Supremacy Of Parliament

The principle that the legislative body has the highest authority within the jurisdiction, whose laws cannot be superseded or altered by other forms of government.

Parliamentary Supremacy

A principle of UK constitutional law that holds Parliament as the supreme legal authority, capable of creating or ending any law.