Fraud Is Any and All Means a Person Uses to Gain

Multiple Choice

Fraud is any and all means a person uses to gain an unfair advantage over another person.Current and former employees of an organization are much more likely to perpetrate fraud than external parties.The act by a person or group of persons resulting in materially misleading financial statements is called a(n)

A) misappropriation of assets.
B) employee fraud.
C) fraudulent financial reporting.
D) theft of assets.