Distinguish between fraud that involves theft of company assets and fraud that involves presenting misleading financial statements.

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Distinguish between fraud that involves theft of company assets and fraud that involves presenting misleading financial statements. Who is likely to be responsible for each type? Which is of greater concern to an auditor? Why?

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Auditing An International Approach

ISBN: 978-1259087462

7th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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Question Posted: Jun 20, 2019 10:09 AM

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Distinguish between fraud that involves theft of company assets and fraud that involves presenting misleading financial statements.

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Misappropriation of assets fraud is often called fraud against the company because it is usually carried out by lowerlevel employees who devise scheme...View the full answer

Auditing An International Approach

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