Which of the following is not an example of misappropriation of assets?
A)A warehouse employee takes home two units of electronic entertainment inventory each week without authorization.
B)The chief financial officer of the company falsely adds $20 million to the accounts receivable and revenue accounts.
C)The president of the company utilizes the organization's cash to add a floor to her 15,000 square foot house.
D)The treasurer of the company makes an unauthorized wire transfer from the organization's bank to a personal account in Grand Cayman.

Question

Quizplus · Accepted Answer

Misappropriation of assets involves the theft or improper use of an organization's assets. Option B is an example of fraudulent financial reporting, where false information is provided to stakeholders. The other options involve the direct theft or use of assets for personal gain, which are examples of misappropriation.

Which of the Following Is Not an Example of Misappropriation