1 | Accounting homework help

Forensic Accounting and Fraud Examination

Read Chapters 4, 5, and 7 in Forensic Accounting and Fraud Examination.

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 Explain the different between the cash receipt schemes known as skimming and larceny. How would a potential fraudster commit this fraud? Provide an example of skimming and larceny and then propose two internal controls for skimming and larceny that might prevent this type of fraud. Respond to your classmates’ example of skimming and larceny. Propose another internal control that could be used to prevent this type of fraud and provide supportive evidence.