The essential elements of a ________ are an actual or constructive taking away of the...

Detailed Explanation:

Rationale for Correct Answer: The correct answer is A. Larceny . As defined in the Fraud Examiners Manual (2020 International Edition) , larceny is the unlawful taking of another’s property with intent to permanently deprive the owner of its use or possession. Essential elements include: (1) the wrongful taking or carrying away of property, (2) without the consent of the owner, and (3) with felonious intent (i.e., intent to steal). This aligns directly with the definition provided in the question.

Analysis of Incorrect Options (Distractors):

B. Abuse – Abuse typically refers to the improper use of authority or resources (e.g., excessive expense claims, misuse of assets), but it is not a legal term describing theft by taking.

C. Fiduciary – Fiduciary describes a relationship of trust or duty to act for another’s benefit, not the act of theft.

D. None of the above – Incorrect because “larceny” precisely matches the elements described.

Key Concept: The definition and elements of larceny , which is a foundational legal concept for distinguishing among asset misappropriation schemes such as larceny vs. skimming .