Misappropriation of assets fraud involvintentionally misstating items or omitting important facts from the financial statements.

Question

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Misappropriation of assets fraud involves intentionally stealing or using company assets for personal gain rather than intentionally misstating items or omitting important facts from financial statements. The latter is known as financial statement fraud.

Misappropriation of Assets Fraud Involvintentionally Misstating Items or Omitting Important