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

Question

Quizplus · Accepted Answer

Employee fraud often involves the direct conversion of cash or other assets to the employee's personal benefit, such as stealing cash from the register or taking home company property without permission. This type of fraud is often easier to commit and harder to detect than more complex forms of fraud.

One Characteristic of Employee Fraud Is That the Fraud