One characteristic of employee fraud is that the fraud a. is perpetrated at a level to which internal controls do not apply. b. involves misstating financial statements. c. involves the direct...

One characteristic of employee fraud is that the

fraud

a. is perpetrated at a level to which internal

controls do not apply.

b. involves misstating financial statements.

c. involves the direct conversion of cash or other

assets to the employee’s personal benefit.

d. involves misappropriating assets in a series of

complex transactions involving third parties.