The type of fraud committed by employees of an entity who steal money from the company and cover it up through erroneous entries in the books is called:
A) misappropriation of assets.
B) fraudulent financial reporting.
C) embezzlement.
D) collusion.

Question

Quizplus · Accepted Answer

Misappropriation of assets is the type of fraud committed by employees of an entity who steal money from the company and cover it up through erroneous entries in the books.

The Type of Fraud Committed by Employees of an Entity