images

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

CASE STUDY: SHY DOC GAVE GOOD FACE1

Brian Lee excelled as a plastic surgeon. His patients touted Lee's skill and artistry when privately confiding the secret of their improved appearance to their closest friends. Exuding a serious, gentle manner, the forty-two-year-old bachelor took quiet pride in his beautification efforts—mainly nose jobs, face lifts, tummy tucks, and breast enhancements. ...

Get Principles of Fraud Examination, 4th Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.