11-T/F #1. Skimming schemes can be subdivided based whether they
11-T/F #1. Skimming schemes can be subdivided based on whether they target sales or receivables.
11-T/F #2. When an employee skims money off-book sales of merchandise, the theft can be detected by comparing the register tape to the cash drawer.
11-T/F #3. In order to conceal their thefts, some employees might ring a “no sale” or other noncash transaction on their cash registers to mask the theft of sales.
11-T/F #4. Perhaps the biggest key to preventing skimming of any kind is to maintain a viable oversight presence at any point where cash enters an organization.
11-T/F #5. Video cameras can be installed at cash entry points, but serve little use as a deterrent against theft.
11-T/F #6. A common skimming scheme is to take unrecorded checks that the perpetrator has stolen and substitute them for receipted currency.
11-T/F #7. Lapping is the crediting of one account through the abstraction of money from another account.
11-T/F #8. Force balancing is one of the least dangerous receivables skimming schemes. In this technique the perpetrator is in charge of collecting payments.
11-T/F #9. Another method used by employees to conceal the misapplication of customer payments is the theft of alteration of account statements.
11-T/F #10. Trend analysis on aging of customer accounts can’t be used to highlight a skimming scheme.