Table of Contents

Introduction. 7

Chapter 1: Cash. 10

Learning Objectives. 10

Overview.. 10

Skimming of Cash Sales. 10

Prevention and detection methods. 11

Return Frauds. 12

Prevention and detection methods. 13

Check Alteration. 13

Prevention and detection methods. 15

Reimbursement schemes. 16

Fraudulent Reimbursements. 16

Duplicate Reimbursement 16

Pay-and-return. 16

Prevention and detection methods. 17

Payroll Fraud. 18

Ghost Employee. 18

Falsified Hours. 18

Falsified Commission. 19

Prevention and detection methods. 19

Summary. 19

Chapter 1 Review Questions. 20

Chapter 2: Receivables. 21

Learning Objectives. 21

Overview.. 21

Mail Room Theft. 21

Lapping. 22

Inappropriate Write-offs. 22

Prevention and Detection Methods. 23

Summary. 24

Chapter 2 Review Questions. 25

Chapter 3: Merchandise Inventory. 26

Learning Objectives. 26

Overview.. 26

Warehouse theft. 26

Retail theft. 27

Prevention and Detection. 27

Summary. 28

Chapter 3 Review Questions. 29

Chapter 4: Property, Plant and Equipment (PP&E). 30

Learning Objectives. 30

Overview.. 30

Fixed Asset Theft. 30

Prevention and detection methods. 31

Summary. 33

Chapter 4 Review Questions. 34

Chapter 5: Intangibles. 35

Learning Objectives. 35

Overview.. 35

Trade Secrets. 35

Covenants not to Compete. 37

Prevention and detection methods. 39

Summary. 39

Conclusion. 39

Chapter 5 Review Questions. 41

Review Questions - Answer Feedback. 42

Glossary. 48

Index. 49

Final Examination. 51

CPASelfstudy.com Course Evaluation. 54