Final answer:
There are 8 subcategories of Asset misappropriation, which include various schemes of theft or misuse of a company's assets for personal gain.
Step-by-step explanation:
The 8 subcategories of Asset misappropriation are cash theft, skimming, fraudulent disbursements, inventory theft, misuse of assets, payroll fraud, larceny, and expense reimbursement fraud. Being an area within forensic accounting, asset misappropriation involves the theft or misuse of an organization's assets.
It includes schemes such as payroll manipulation or inflating expenses, where employees or management intentionally deceive the company for personal gain. Understanding and identifying these subcategories can help organizations implement controls to detect and prevent such fraudulent activities.