1. Match the description on the left with the type of theft on the right using Excel spreadsheet. See notes below. 1. Most common type of noncash theft 2. Goods shipped to an accomplice 3. Altering physical inventory counts to cover theft 4. Goods are stolen, then a receiving document is created showing fewer goods received a. Fraudulent write-off b. Unconcealed larceny c. Falsified shipping or receiving report d. Fraudulent shipment

“Identity theft is often applied to a wide range of crimes, including checking account fraud, counterfeiting, forgery, auto theft using false documentation, trafficking in human beings, and terrorism, most policymakers, and researchers agree that identity theft includes the misuse of another individual’s personal information to commit fraud”. Required: Where does identity theft fraud happen often?  Explain any five steps that victims should need to take once identity theft occurs.

The crime of obtaining money or some other benefit by deliberate deception. oa) skimming ob) pretexting oc) phishing od) fraud Save plit creen 3) Using spam or pop-up messages to obtain personal information. Unit Resources a) skimmina W e

Credit card fraud involving filling out multiple blank sales slips using the card is known as: skimming true name fraud merchant scamming nonreceipt fraud

Which of the following software functions can help protect sales revenue from external and internal threats of theft? a) Reconcile inventory reductions with product issues from kitchen. b) Reconcile product issues from kitchen with guest check totals. c) Create over and short computations by server, shift, and day. d) All of the above e) Only a. and b. above

TRUE or FALSE 3. All allowances to customers for returned or defective merchandise should be supported by serially numbered credit memo signed by an officer or responsible employee having no duties relating to handling cash or the maintenance of customers' ledgers. 4. The auditors should perform alternative auditing procedures on all negative confirmation requests that are not returned. 5. When it is "impossible" to confirm accounts receivable, the auditors can never issue an unqualified oinion, on the client's financial statements. 6. Inspection of notes receivable on hand should be performed concurrently with the count of cash and securities to prevent the concealment of a shortage by substitution of cash for misappropriated negotiable instruments, or vice versa. 7. A confirmation is considered documentary evidence secured from outside the organization and sent directly to the auditors. 8. The auditor needs the client's permission to send out "confirmations" 9. A customer's response…

Sam Fenton wants to ensure that sales in a retail outlet are not recorded at the wrong amount. Which preventive control will help him ensure his objective? O The signature of the goods by the warehouse receiver on a receiving report or a bill of lading. O A credit check by the credit manager. O Automatic pricing of sales invoices using a master price file. O None of the above.

A serious exposure for an organization that is connnected with the revenue cycle is the loss of assets. What is the related threat and applicable contrtol procudure associated with this exposure? A. receiving unordered goods; compare to valid order B. billing errors; reconciliation of shipping documents to sales order C. shipping errors, data entry controls D. theft of inventory; documentation of all internal transfers of inventory

1. How do fraud symptoms help in detecting fraud? 2. Why do internal control weaknesses help detect fraud? 3. What are accounting symptoms? 4. What are analytical symptoms?