The two most common types of fraud impacting financial statements are
A)corruption and fraudulent financial reporting.
B)misappropriation of assets and embezzlement.
C)fraudulent financial reporting and e-commerce fraud.
D)fraudulent financial reporting and misappropriation of assets.

Question

Quizplus · Accepted Answer

The two most common types of fraud impacting financial statements are fraudulent financial reporting and misappropriation of assets. Fraudulent financial reporting involves intentional misstatements or omissions in financial statements. Misappropriation of assets involves theft or misuse of company resources. While corruption, embezzlement, and e-commerce fraud can also impact financial statements, they are not as common as fraudulent financial reporting and misappropriation of assets.

The Two Most Common Types of Fraud Impacting Financial Statements