The theft of any item of value is referred to as:
A)Fraudulent financial reporting
B)Misappropriation of assets
C)Misstatement of financial records
D)Earnings management

Question

Quizplus · Accepted Answer

Misappropriation of assets refers to the theft of any item of value from an organization, including money, inventory, equipment, or intellectual property. Fraudulent financial reporting, misstatement of financial records, and earnings management are all different types of financial fraud that involve misrepresenting financial information for personal gain, rather than theft of physical assets.

The Theft of Any Item of Value Is Referred to As