Title: Misappropriation of Assets

Essay Details

Subject: Business
Author: Cynthia M
Date: October 4, 2013
Level: University
Grade: A
Length: 5 / 1348
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Misappropriation of assets is defined as fraud for personal gain. It is the most common type of fraud found among employees and frequently includes theft of cash and inventory. Misappropriation of asserts, better yet, fraud in general, is relevant to and pivotal for accountants, auditors, and people in business for the simple fact that the losses from fraud affects the economy as a whole...

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"Fraud is not [just] an accounting problem; it is a social phenomenon." (Wells 2004) Accountants, auditors, and business people all separate but similar responsibilities to uphold, in reference to the general public and agencies overseeing their performance. These responsibilities include possessing integrity, practicing fair disclosure of relevant information, and ensuring that the information provided is reliable...

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