What is misappropriation of$$ assets?

A$.$

Failure to comply with applicable laws and regulations

B$.$

The theft of assets by employees

C$.$

The intentional misstatement of financial information by management or a theft of assets by management

D$.$

The unintentional misstatement of financial information by management which results in the misstatement of financial statements

Part $2$

What is financial reporting$$ fraud?

A$.$

The unintentional misstatement of financial information by management which results in the misstatement of financial statements

B$.$

Failure to comply with applicable laws and regulations

C$.$

The theft of assets by employees

D$.$

The intentional misstatement of financial information by management or a theft of assets by management