Question: Other than falsifying a company s records of cash receipts how
Other than falsifying a company’s records of cash receipts, how might an employee conceal larceny from a cash register?
Answer to relevant QuestionsWhat steps might an organization take to protect outgoing bank deposits from cash larceny schemes? How is the term “billing schemes” defined, and what are the three categories of billing schemes covered in this chapter? How does an employee use a non-accomplice vendor’s invoice to generate a fraudulent payment? Assume there are two thefts of checks at ABC Company. In the first case, an employee steals an outgoing check that is drawn on ABC’s account, and is payable to “D. Jones.” The perpetrator forges the endorsement of ...There are several duties that should be segregated among employees to minimize the opportunity for check tampering. List these duties.
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