Question: In many cases involving skimming employees steal checks from the
In many cases involving skimming, employees steal checks from the incoming mail. What are some of the controls that can prevent such occurrences?
Answer to relevant QuestionsIn the case study of Stefan Winkler, who was the chief financial officer for a beverage company in Florida, how did he conceal his skimming scheme? How could the scheme have been prevented or discovered? What are the five methods discussed in this chapter that are used to conceal cash larceny that occurs at the point of sale? Explain how each works. In the case study of bank teller Laura Grove, what type of fraud did she commit? How is the term “billing schemes” defined, and what are the three categories of billing schemes covered in this chapter? Explain how separation of duties contributes to the prevention and detection of billing schemes.
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