Examples Of Asset Misappropriation

Understanding Asset Misappropriation

Definition
According to Merriam Webster Dictionary, misappropriate verb means to take something such as money dishonestly for your own use or to appropriate something wrongly. On transitive verb it means to appropriate wrongly as by theft or embezzlement. Asset misappropriation is wider than that whereby it could be as taking a piece of paper to write your personal thing during lunch hour or using the computer for your own benefit after the office hour.
Zimbelman & Albrecht (2012) define asset misappropriation is a kind of theft that is committed by stealing assets on hand, stealing receipts, or committing some type of disbursement fraud.
Golden, Skalak, Clayton & Pill (2006) define asset misappropriation

Examples of cash skimming are unrecorded sales and understated sales and receivables. Examples of cash larceny are stealing petty cash and taking cash from the cash register.
Fraudulent disbursement including billing schemes, payroll schemes, cheque tempering, expense reimbursement and register disbursement. Billing scheme such as an employee create false invoice and later paid by the employer. For payroll scheme may involve falsification of overtime hours, ghost employees, overstate commission rate and so on.
Example of cheque tempering is an employee forge the authorized signature of a cheque. Altered payee on cheque and concealed cheque are also classified as cheque tempering. For expense reimbursement scheme may involve the employee intentionally make fictitious expenses, multiple reimbursement, or even altered receipts for claim

This feeling will lead the person to commit unethical behaviour over another person such as hiding or keeping away his report or even log into his computer and delete his work. Conspicuous Consumption is an excessive benefit given to favourable employee will lead others to commit unethical behaviour. The Pygmalion Effect is the reaction of what they are treated. For example, if you are being treated like potential thief than you will sooner or later become a thief.
Reactance Theory is reaction towards what people feel as unjust. This can be manifest by doing the opposite reaction rather than compliance to the rules. Obedience to Authority is when the employee has to obey with whatever instructed by their superior regardless the ethical issue in the wrong doings. The Blinding Effect of Power is the feeling of having power especially to the top management who created the rules and regulations for the organization and are not subject to the rules they