One Characteristic of Employee Fraud Is That the Fraud

question 15

Multiple Choice

One characteristic of employee fraud is that the fraud

• A)is perpetrated at a level to which internal controls do not apply
• B)involves misstating financial statements
• C)involves the direct conversion of cash or other assets to the employee's personal benefit
• D)involves misappropriating assets in a series of complex transactions involving third parties

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Definitions:

Comfortable

A state of physical ease and freedom from pain or constraint; the provision of a pleasant level of comfort and satisfaction.

Culturally Relative

The understanding that beliefs, values, norms, and practices should be evaluated in the context of the specific culture from which they originate, rather than judged against the standards of another culture.

Western Societies

Refers to societies that are historically influenced by European cultures, particularly in aspects such as legal systems, economies, philosophies, and overall cultural practices.

Biologically Determined

Pertains to traits, behaviors, or conditions that are influenced by genetic makeup rather than environmental factors or personal choice.