Question

Faulty Journal Entries:

Fraud is hidden by using accounting _________
a) Entries
b) Statements
c) Reports
d) Systems
An embezzler steals _______, such as ______ or ________
a) Assets, cash or inventory
b) Liabilities, equipment or property
c) Revenues, services or products
d) Expenses, salaries or wages
Embezzler usually increases _________
a) Transparency
b) Accountability
c) Scrutiny
d) Discretion

Answer 1

In the context of hiding fraud and embezzlement in corporate crime, fraud is hidden using accounting entries, an embezzler steals assets such as cash or inventory, and typically increases their discretion.

Step-by-step explanation:

Fraud can be hidden through various means, one of which is by manipulating accounting entries. Therefore, the correct answer to the first part of the question is a) Entries. When it comes to an embezzler, they typically steal assets such as cash or inventory, which makes the correct completion of the sentence a) Assets, cash or inventory. Lastly, an embezzler generally prefers to work with less oversight and therefore would likely seek to increase their level of discretion within the organization, making the correct answer to the last part d) Discretion.

Considering the context of corporate crime for the given answers, embezzlement is indeed an example of such a crime. The correct option from the provided information would be a. Embezzlement