auditing, thanks

Which of the following is false regarding fraud? Misappropriation of assets is normally perpetrated at higher levels of the organization hierarchy. Fraudulent financial reporting is an intentional misstatement or omission of amounts or disclosures with the intent to deceive users. fraud describes any intentional deceit meant to deprive another person or party of their property or rights. Misappropriation of assets is fraud that involves theft of an entity's assets