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The Fraud Tree Asset misappropriation Cash Inventory and all other assets Larceny Skimming Misuse Larceny of cash on hand Sales Receivables Refunds and other Asset

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The Fraud Tree Asset misappropriation Cash Inventory and all other assets Larceny Skimming Misuse Larceny of cash on hand Sales Receivables Refunds and other Asset requisitions and transfers Unrecorded Widte-off schemes False sales and shipping deposit Other Understated Lapping schemes Purchasing and receiving Unconcealed Unconcealed Fraudulent disbursements Payroll schemes Expense reimbursement schemes Check tampering Register disbursements Ghost employees Mischaracterized expenses Forged False volds company maker Non Commission accomplice Overstated expenses Forged endorsement refunds Workers Fictitious purchases Altered payee Falsified Multiple reimbursements Concealed Authorized This illustration is known as the Fraud Tree" and depicts various ways an employee can misappropriate assets. Notice there are three main ways employees can embezzle cash: skimming, larceny, and fraudulent disbursements. Pick one of the boxes under Cash and explain how an employee would embezzle money under this scheme. What internal controls can management put into place to prevent this type of embezzlement

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