Acquisition of Brands $($Pty$)$ Ltd

During the $2023$ financial year, Amaze expanded its business by forming a group of

companies. One of the acquisitions was purchased for $55\%$ of its shares in a company

called Brands $($Pty$)$ Ltd$.$ Brands $($Pty$)$ Ltd will be supplying Amaze with the parts to

manufacture the semiconductors at a much lower cost than what Brand $($Pty$)$ Ltd

charge to any other customer. During the audit, you discovered that the CFO, Philip

In relation to fraud committed through misappropriation of assets, discuss

what is misappropriation of assets and provide examples of common asset

misappropriation schemes.Smell, at Amaze, is the brother$-$in$-$law of the CEO at Brand $($Pty$)$ Ltd

REQUIRED:

In relation to fraud committed through misappropriation of assets, discuss

what is misappropriation of assets and provide examples of common asset

misappropriation schemes.