Saad Zuberov Is a Rookie Auditor Who Has Asked You

question 30

Multiple Choice

Saad Zuberov is a rookie auditor who has asked you about financial reporting frauds and how they differ from misappropriation of assets frauds. Identify for Saad Zuberov which one of the following frauds consists of misappropriation of assets.

• A) improper asset valuation
• B) unrecorded liabilities
• C) both a and b
• D) none of these

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Definitions:

Virtual Private Network (VPN)

A network that uses the public Internet communications infrastructure to build a secure, private network among various locations.

Internet Communications Infrastructure

The physical and digital technologies, systems, and standards that provide and manage the pathways over which internet data is transported.

Secure and Private Network

A Secure and Private Network refers to a network designed to protect and encrypt data being sent over it, ensuring that the information remains confidential and inaccessible to unauthorized users.

Network

A group of two or more computers (or nodes) that are configured to share information and resources such as printers, files, and databases.