Question: Checks can be forged by several methods free hand forgeries photocopies
Checks can be forged by several methods: free-hand forgeries, photocopies of legitimate signatures, and by obtaining access to an automatic check-signing mechanism. What are some controls an organization could institute to minimize the chance a forgery will occur?
Answer to relevant Questions`Forged endorsement schemes and altered payee schemes both involve the theft of outgoing checks that are intended for third parties for some legitimate purpose (e.g., a check payable to a vendor for services rendered). In ...What is a “ghost employee”? List and explain at least three computer-aided audit tests that can be used to detect a ghost employee scheme. Provide two examples of how an employee can commit a fictitious expense reimbursement scheme. How do register disbursement schemes differ from skimming and cash larceny, both of which frequently involve thefts of cash from cash registers?
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