Which of the following is not an example of a type of defalcation?
A)A warehouse employee takes home two units of electronic entertainment inventory each week without authorization.
B)The president of the company utilizes the organization's cash to add a floor to her 15,000 square foot house.
C)The chief financial officer of the company falsely adds $20 million to the accounts receivable and revenue accounts.
D)The treasurer of the company makes an unauthorized wire transfer from the organization's bank to a personal account in Grand Cayman.

Question

Quizplus · Accepted Answer

Defalcation typically involves the misappropriation or theft of funds or property. Option C describes financial statement fraud, which involves falsifying financial records, rather than direct theft or misappropriation.

Which of the Following Is Not an Example of a Type