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cjohns21 cjohns21
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A year ago
Misappropriation of assets

▸ is generally committed by company management.

▸ harms the users of the financial statements by providing them incorrect financial data for their decision making.

▸ causes harm to stockholders because the assets are no longer available to their rightful owners.

▸ causes the financial statements to be misstated since the misappropriation usually involves material amounts.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
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durandaldurandal
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A year ago
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cjohns21 Author
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A year ago
Good timing, thanks!
prime7105
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Yesterday
Correct Slight Smile TY
TAT1238
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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