October 2013
Beginner
544 pages
20h 52m
English

EXHIBIT 9-1
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 |
Nineteen-year-old Larry Gunter didn't know much about computers, but he worked as a shipping clerk ...