Visit the Association of Certified Fraud Examiners Website at cfenet.com. Review the cash frauds (refer to the
Question:
Visit the Association of Certified Fraud Examiners Website at cfenet.com. Review the cash frauds (refer to the 2006 Report to the Nation; see Fraud resource center—under publications—to the Nation) discussed at this Website and answer the following questions.
Required
1. What percentage of asset misappropriation schemes involve cash?
2. What are the three categories of cash frauds? What is the most common type of cash fraud?
3. What are the six types of fraudulent disbursement schemes? What is the most common type of fraudulent disbursement scheme? Which type of fraudulent disbursement scheme has the highest median dollar loss per occurrence?
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Nicholas Maina
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