The type of fraud that occurs when employees steal money from their companies and cover it up by falsifying records: A. Misappropriation of assets B. Failure to file tax return C. Fraudulent controls reporting D. Fraudulent financial reporting Which of the following is NOT an element of the fraud triangle? A. Opportunity B. Rationalization C. Motive P. Morals Which of the following is NOT a component of internal control? A. Monitoring of controls B. Risk assessment C Abiding by the law . Information system Which of the following is not a party to a check? A. Bank B. Holder C. Maker D. Payee Check #165, written by IGM Corporation to Office Supplies Store for $822, was recorded in the journal as $282. To correct this error: A. An adjusting entry is needed that includes a credit to cash for $540. B. The bank reconciliation will show an addition of $540 to the bank balance. C. An adjusting entry is needed that includes a debit to cash for $540. D. An adjusting entry is needed that includes a credit to cash for $282