Questions 4,5,and 6

Taken From: Fraud Examiners Manual: Financial Transactions and Fraud Schemes: "Asset Misappropriation" "Cash Receipts" "Fraudulent Disbursements" "Inventory and Other Assets Cash Receipts 1. True or False: Asset misappropriations are by far the most common of all occupational frauds. Cash receipts schemes fall into two categories: Skimming and Larceny. Define and give at least three examples of both. Discuss some detection methods of Skimming and Larceny. 2. 3. Fraudulent Disbursements 4. Distinguish between Skimming/Larceny and Fraudulent Disbursements. 5. Identify and discuss two or three Fraudulent Disbursements. 6. Discuss some Red Flags and Prevention Methods related to Fraudulent Disbursements. Inventory and Other Assets Why does the Course Manual distinguish between Misuse of an organization's assets and Stealing an organization's assets? Give some examples of misusing and stealing an organization's assets; what are the types and how are they accomplished? Identify some methods to detect and prevent misuse and theft of an organization's inventory and other assets. 7. 8. 9