EXHIBIT 5-1
CHAPTER 5
CHECK TAMPERING
LEARNING OBJECTIVES
After studying this chapter, you should be able to:
| 5-1 | Define check tampering |
| 5-2 | Understand the five principal categories of check tampering |
| 5-3 | Detail the means by which employees fraudulently obtain company checks |
| 5-4 | Understand how forged signatures are created on blank check stock |
| 5-5 | Be familiar with the methods identified in this chapter for preventing and detecting forged maker schemes |
| 5-6 | Differentiate between forged maker and forged endorsement schemes |
| 5-7 | Detail the methods employees use to intercept outgoing checks before they are delivered to the intended payee |
| 5-8 | Be able to discuss methods that can be used to prevent and detect the theft and alteration of outgoing company checks |
| 5-9 | Understand how authorized maker schemes work and why they are especially difficult to prevent |
| 5-10 | Explain how check tampering is hidden in a company's accounting records |
| 5-11 | Describe measures companies can take to prevent and detect fraudulent electronic payments |
| 5-12 | Be familiar with proactive audit tests that can be used to detect check tampering |
CASE STUDY: A WOLF IN SHEEP'S CLOTHING1
Melissa Robinson was a devoted wife and the mother of twc adorable children. She was very active at her children's school and was known as a charitable person, giving both her time and money to various organizations ...
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