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Principles of Fraud Examination, 4th Edition by Joseph T. Wells

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EXHIBIT 2-1

CHAPTER 2

SKIMMING

LEARNING OBJECTIVES

After studying this chapter, you should be able to:

2-1 Define skimming
2-2 List and understand the two principal categories of skimming schemes
2-3 Understand how sales skimming is committed and concealed
2-4 Understand schemes involving understated sales
2-5 Understand how cash register manipulations are used to skim currency
2-6 Be familiar with how sales are skimmed during nonbusiness hours
2-7 Understand the techniques discussed for preventing and detecting sales skimming
2-8 List and be able to explain the six methods typically used by fraudsters to conceal receivables skimming
2-9 Understand what “lapping” is and how it is used to hide skimming schemes
2-10 Be familiar with how fraudsters use fraudulent write-offs or discounts to conceal skimming
2-11 Understand the techniques discussed for preventing and detecting receivables skimming
2-12 Be familiar with proactive audit tests that can be used to detect skimming

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