Embezzlement is a type of fraud that involves
A) An employee's misappropriating an employer's money or property not entrusted to him or her.
B) A manager's falsification of financial statements for the purpose of misleading investors and creditors.
C) An employee's mistaken representation of opinion that causes incorrect accounting entries.
D) An employee misappropriating an employer's money or property entrusted to the employee's control in the employee's normal job.

Question

Quizplus · Accepted Answer

Embezzlement occurs when an employee misappropriates an employer's money or property entrusted to their control in their normal job. It typically involves an employee abusing their position of trust and taking advantage of their access to an employer's assets for personal gain. Choices A, B, and C may also involve fraudulent activity, but they are not considered embezzlement specifically.

Embezzlement Is a Type of Fraud That Involves