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    Read the cash fraud schemes segment on p 697 in the attachme

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    Read the cash fraud schemes segment on p 697 in the attachment. Why are these the most common types of cash fraud schemes? Why are these the most common and what might be done to reduce their frequency?

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    Read the cash fraud schemes segment on p 697 in the attachment. Why are these the most common types of cash fraud schemes? Why are these the most common and what might be done to reduce their frequency?

    Solution:

    Most probably the most common type of cash fraud scheme is fraudulent disbursements. The second most common type would be skimming, as described in the attachment. The employee steals the cash before it even hits the books. In the actual auditing arena, the second most common type of cash fraud would be cash larceny, where the employee steals the money after it has been recorded in the books. ...

    Solution Summary

    Read the cash fraud schemes segment on p 697 in the attachment. Why are these the most common types of cash fraud schemes? Why are these the most common and what might be done to reduce their frequency?

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