Ethics:

Ethics is the set of some moral values and principal that differentiate right and wrong morally.

Corporate governance:

It is a set of rules, laws, and regulations under which business organizations operate. It helps the organization to work smoothly. It ensures transparency between management and shareholders.

Misappropriation of assets:

It means recording assets that the company never received actually. It is imaginary/ fictitious to purchase the company records to overstate its assets.