What is a common name for fraudulent financial reporting?
A) employee fraud
B) theft of assets
C) defalcation
D) management fraud

Question

Quizplus · Accepted Answer

Management fraud is the common name for fraudulent financial reporting, as it involves manipulation or distortion of financial statements by those in a position of authority and responsibility within an organization. Employee fraud, theft of assets, and defalcation may also occur, but they are not the commonly used terms for fraudulent financial reporting.

What Is a Common Name for Fraudulent Financial Reporting