Question 1
An auditor discovers that the company's bookkeeper unintentionally made a mistake in calculating the amount of the quarterly sales. This is an example of
◦ employee fraud.
◦ an error.
◦ misappropriation of assets.
◦ a defalcation.
Question 2
Another term for misappropriation of assets is
◦ management fraud.
◦ collusion.
◦ employee fraud.
◦ illegal acts.