Which of the following is an example of a misappropriation of assets fraud?
A) Unauthorized discounts or refunds to customers
B) Inappropriate application of accounting principles
C) Unrecorded liabilities
D) Improper asset valuations

Question

Quizplus · Accepted Answer

Misappropriation of assets fraud involves the theft or misuse of an organization's assets, such as cash or inventory. Unauthorized discounts or refunds to customers can be a way to steal cash or goods, fitting the definition of asset misappropriation.

Which of the Following Is an Example of a Misappropriation