Question: Multiple Choice Questions 11 In general which of the following

Multiple Choice Questions
11. In general, which of the following assets would most likely be the target of employee fraud?
a. Cash.
b. Office supplies.
c. Accounts receivable.
d. Stocks and bonds.

2. Which of the following is an example of sales skimming?
a. An employee pockets money from a cash register.
It’s not skimming unless the sale is not recorded.
b. An accountant diverts sales deposits for personal use.
In this case, the sales have already been recorded.
c. A service employee accepts money from customers under the table.
d. All of the above.

3. Lapping of accounts receivable requires which of these?
a. An unsupervised accounts receivable clerk.
b. A lack of segregation of duties.
c. A manual accounting system.
d. All of the above.

4. Which applies to check washing?
a. An advanced form of money laundering.
b. An advanced form of check tampering.
c. Both a and b.
d. None of the above.

5. Which of the following employee types would a voucher system prevent from taking company property for personal use?
a. Honest.
b. Dishonest.
c. Both a and b.
d. None of the above.

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