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onetouch onetouch
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2 years ago
Which of the following is an accurate statement regarding the misappropriation of assets?

▸ In most cases, the amounts involved are material to the financial statements.

▸ Misappropriation of assets can easily increase in size over time and can lead to significant reputational harm.

▸ Management should not be concerned about minor misappropriations.

▸ Asset misappropriation schemes are less common than fraudulent financial statement schemes.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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jwmarojwmaro
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2 years ago
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