HW 04 - Asset Misappropriation It is the most fraud that...

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Asset Misappropriation : It is the most fraud that happens in a company. It means an employee gets the company resources or asset by an illegal way such as cheat or steals. The resources can be the office items, software, equipment, document, etc. The cash is the most common asset that involved in the asset misappropriation. Reference from: http://www.fraudessentials.com/index.php? option=com_content&view=article&id=8&Itemid=10 Example: Mohammad Reza Alavi was an employee of the Palo Verde Nuclear Generating Station and he visited the computer by an illegal way and stolen software about the nuclear station technology. He was sentenced to 15 months in prison with this asset misappropriation action. Date: Dec 16, 2008. Company name: Palo Verde Nuclear Generating Station Reference from: http://fraudbaron.com/blog/2008/12/22/nuclear_engineer_sentenced_for/#more Corruption: People (usually at an important position or status) to get private benefits through use of their right or use the public asset or company money for themselves. Or
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