Question: Give examples of skimming during nonbusiness hours and skimming of
Give examples of skimming during nonbusiness hours and skimming of off-site sales.
Answer to relevant QuestionsWhat is “lapping” and how is it used to conceal receivables skimming? In many cases involving skimming, employees steal checks from the incoming mail. What are some of the controls that can prevent such occurrences? How do employees commit cash larceny of incoming receivables? How are the schemes concealed? Other than falsifying a company’s records of cash receipts, how might an employee conceal larceny from a cash register? Why does collusion among employees in the purchasing process make it very difficult to detect billing schemes?
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