Question

misappropriation of assets is a fraudulent act that involves group of answer choices dishonest conduct by those in power. misrepresenting facts to promote an investment. using computer technology to perpetrate a crime. theft of company property.

Answer 1

Misappropriation of assets is a fraudulent act that involves theft of company property.

In asset management, the challenges faced in addition to maximizing the life cycle of the asset itself are errors, misappropriation of assets and financial statement fraud on assets under management.

Mistakes are common in various managements, errors in asset management are caused by unintentional mistakes, in contrast to misuse and fraud which have an intentional element.  These things lead to company losses in terms of assets.

Understanding Missappropriation of Assets

Misappropriation of company assets or assets is an illegal act which is often also referred to as embezzlement of assets or theft of assets.  For example, embezzlement of company cash, use of facilities for personal gain, fraudulent expenditure of company expenses.

The embezzlement of large amounts of assets will adversely affect the company's cashflow.  If not immediately detected and prevented, this will become a new culture that is detrimental to the company.

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