Fraud Investigation Quiz 2

1. What is a common method used to conceal skimming?

• Falsifying records

• removal of entry

• altering accounting entries

2.  How can companies detect skimming?

• regular reconciliation of cash receipts with sales records,

• surprise cash counts

• monitoring changes in employer's lifestyle beyond their means.

• monitoring changes in employee behavior

3.  Choose the correct effects of asset misappropriation in a company.

• Ruining the reputation of a business.

• Losses in the company

• Increase the company profit

• Forcing the company to go out of business

4. 4. Give an example of how skimming can occur in a retail setting.

5. 5. What is a common method used to conceal skimming?