Question

________ is the most common fraud, but __________ is the most expensive fraud. Fraudulent financial reporting, misappropriation of assets Misappropriation of assets, fraudulent financial reporting Misdating stock options, misappropriation of assets, Cooking the books, misdating stock options.

Answer 1

Misappropriation of assets is the most common fraud but is the most expensive fraud in fraudulent financial reporting.

What is the most common type of accounting fraud?

Wrong timing of revenue recognition is the most not unusual sort of accounting fraud the Securities and exchange fee (SEC) has taken motion in opposition to beneath its whistleblower software, say lawyers who work with employees who've come ahead.

Forms of fraud encompass tax fraud, credit score card fraud, twine fraud, securities fraud, and financial disaster fraud. Fraudulent interest may be achieved by one individual, more than one person, or an enterprise firm as a whole.

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