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:

Payment Invoice

A document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided to the buyer.

Microsoft Excel

A spreadsheet application developed by Microsoft that allows users to organize, format, and calculate data with formulas using a system of rows and columns.

Administrative Office Assistant

A professional responsible for various administrative tasks within an office, including scheduling, communication, and document management.

Adult Education Class

Educational programs or classes specifically designed for adults to acquire new skills, knowledge, or qualifications.