Asked by Mathew Temisan on Jul 02, 2024
Tangible frauds include
A) asset misappropriation.
B) false pretenses.
C) counterfeiting.
D) All of these answers are correct.
Tangible Frauds
Deceptive acts involving the manipulation or misuse of physical assets or goods for illegal gain.
Asset Misappropriation
The theft or misuse of an organization's assets by employees or others with access.
Counterfeiting
The fraudulent manufacturing or creation of imitation products, currency, or documents with the intent to deceive.
- Comprehend the widespread nature of fraud and the significance of internal control in its prevention.
Learning Objectives
- Comprehend the widespread nature of fraud and the significance of internal control in its prevention.
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