Asked by Mathew Temisan on Jul 02, 2024

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Tangible frauds include

A) asset misappropriation.
B) false pretenses.
C) counterfeiting.
D) All of these answers are correct.

Tangible Frauds

Deceptive acts involving the manipulation or misuse of physical assets or goods for illegal gain.

Asset Misappropriation

The theft or misuse of an organization's assets by employees or others with access.

Counterfeiting

The fraudulent manufacturing or creation of imitation products, currency, or documents with the intent to deceive.

  • Comprehend the widespread nature of fraud and the significance of internal control in its prevention.
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CB
carol bellz7 days ago
Final Answer :
D
Explanation :
Tangible frauds involve the physical manipulation or theft of assets, and all the options listed (asset misappropriation, false pretenses, and counterfeiting) fall under this category. Asset misappropriation involves stealing or misusing an organization's resources, false pretenses involve obtaining property by misleading others, and counterfeiting involves creating fake replicas of real financial instruments, products, or currency.