Recording assets that the company does NOT possess is an example of:
A)management fraud.
B)employee fraud.
C)collusion.
D)embezzlement.

Question

Quizplus · Accepted Answer

Recording assets that the company does not possess is a form of management fraud, where the management intentionally misrepresents the financial statements to deceive stakeholders. Employee fraud, collusion, and embezzlement are all different types of fraudulent activities that may occur within an organization, but they are not specifically related to recording non-existent assets.

Recording Assets That the Company Does NOT Possess Is an Example