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EXHIBIT 9-1

CHAPTER 9

NONCASH ASSETS

LEARNING OBJECTIVES

After studying this chapter, you should be able to:

9-1 List the five categories of tangible noncash misappropriations discussed in this chapter
9-2 Discuss the data on noncash misappropriations from the 2011 Global Fraud Survey
9-3 Explain how misuse of noncash assets can negatively affect organizations
9-4 Understand how and why unconcealed larceny of noncash assets occurs
9-5 Be familiar with internal controls and tests that can be used to prevent and detect noncash larceny
9-6 Understand how weaknesses in internal asset requisition and transfer procedures can lead to the misappropriation of noncash assets
9-7 Explain how purchasing and receiving schemes are used to misappropriate noncash assets
9-8 Understand how the theft of noncash assets through the use of fraudulent shipments is accomplished
9-9 Define shrinkage
9-10 Describe how fraudsters conceal the theft of noncash assets on the victim organization's books
9-11 Understand how employees can misappropriate intangible assets, as well as how companies can protect themselves from such schemes
9-12 Be familiar with proactive audit tests that can be used to detect misappropriations of noncash assets

CASE STUDY: CHIPPING AWAY AT HIGH-TECH THEFT1

Nineteen-year-old Larry Gunter didn't know much about computers, but he worked as a shipping clerk ...

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