The type of fraud committed by employees of an entity, who steal money from the company and cover it up through erroneous entries in the books, is called:
A)misappropriation of assets.
B)fraudulent financial reporting.
C)pishing.
D)collusion.

Question

Quizplus · Accepted Answer

Misappropriation of assets refers to the theft or misuse of an organization's assets by employees, often concealed through false accounting entries.

The Type of Fraud Committed by Employees of an Entity