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Forensic Accounting

Category - Specialized Forensic Knowledge

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What is another name for the misappropriation of assets?

Manipulation
Defalcation
Scienter
None of the above

Explanation

Answer: B - Misappropriation of financial assets is known as defalcation. Defalcation is the act of the defaulter for failure to properly account for assets.

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Forensic Accounting

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