The most efficient way to conceal asset misappropriation is to
A) write-off a customer receivable as bad debt.
B) alter monthly bank statements before reconciliation.
C) alter monthly physical inventory counts to reconcile to perpetual inventory records.
D) record phony payments to vendors.

Question

Quizplus · Accepted Answer

Writing off a customer receivable as bad debt can effectively conceal asset misappropriation because it removes the receivable from the books, making it less likely to be detected during reconciliation or audits.

The Most Efficient Way to Conceal Asset Misappropriation Is to