Fraudulent Financial Reporting and Misappropriation of Assets Differ in That

Fraudulent financial reporting and misappropriation of assets differ in that fraudulent financial reporting is committed by:

A) Management, to deceive financial statement users while misappropriation of assets is committed against an entity, most often by employees.
B) Employees, to deceive financial statement users while misappropriation of assets is committed against an entity, most often by management.
C) Both A & B
D) None of the above

Correct Answer:

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