Which of the following is a major difference between larceny and skimming?
A. Larceny is committed before the cash is entered into the accounting system, while skimming is committed after the cash is entered into the system
B. Larceny is committed after the cash is entered into the accounting system, while skimming is committed before the cash is entered into the system
C. Larceny involves fraudulent disbursements of cash, while skimming involves fraudulent receipts of cash
D. Larceny involves fraudulent receipts of cash, while skimming involves fraudulent disbursements of cash
Answer: B
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Fraud Chapter 14
- One key element of skimming is that cash is taken:
- "Putting someone on the payroll who does not actually work for the victim company" is an example of a(n):
- Which of the following is not one of the ACFE's types of fraudulent disbursement?
- Which of the following is not true of billing schemes?
- Which of the following is not considered a misappropriation of assets?
- Which of the following results in the highest loss per case?
- Which of the following types of disbursement fraud occurs least frequently?
- The most affected party in a workers' compensation fraud case is which of the following?
- Which of the following is not one of the most common billing schemes?
- Out of all the types of frauds discussed in this chapter, which type is perpetrated least often?
- What are the three major classes of asset misappropriation?
- Most frauds against organizations are perpetrated by: