October 2013
Beginner
544 pages
20h 52m
English
Content preview from Principles of Fraud Examination, 4th Edition
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EXHIBIT 3-1
CHAPTER 3
CASH LARCENY
LEARNING OBJECTIVES
After studying this chapter, you should be able to:
| 3-1 | Define cash larceny |
| 3-2 | Understand how cash receipts schemes differ from fraudulent disbursements |
| 3-3 | Recognize the difference between cash larceny and skimming |
| 3-4 | Understand the relative frequency and cost of cash larceny schemes as opposed to other forms of cash misappropriations |
| 3-5 | Identify weaknesses in internal controls as inducing factors to cash larceny schemes |
| 3-6 | Understand how cash larceny is committed at the point of sale |
| 3-7 | Discuss measures that can be used to prevent and detect cash larceny at the point of sale |
| 3-8 | Understand and identify various methods used by fraudsters to conceal cash larceny of receivables |
| 3-9 | Understand schemes involving cash larceny from deposits, including lapping and deposits in transit |
| 3-10 | Understand controls and procedures that can be used to prevent and detect cash larceny from bank deposits |
| 3-11 | Be familiar with proactive audit tests that can be used to detect cash larceny schemes |
CASE STUDY: BANK TELLER GETS NABBED FOR THEFT1
Laura Grove worked at Rocky Mountain Bank in Nashville, Tennessee, for five years. As a teller, she thought to herself, she wasn't getting any richer. She and her husband owed about $14,000 in credit card bills, which seemed to get higher and higher each month, especially ...
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