Hoorcollege 2

Question 1

Skimming Schemes

Answer 1

Theft of cash from a victim entity PRIOR to its entry in an accounting system. Off-book.

Question 2

Sales skimming

Answer 2

Unrecorded or understated sales.

Question 3

Receivables skimming

Answer 3

Write-off schemes, lapping schemes or unconcealed.

Question 4

Lapping

Answer 4

You are robbing the next customer to pay for the customer before them. Short-term.

Question 5

Force balancing

Answer 5

You adjust the balance and say the payment is done, you have control over this data to make these changes.

Question 6

Stolen statements

Answer 6

You know money is missing, but you can’t figure out where the mistake is made, because that evidence is destroyed by the fraudster.

Question 7

Cash larceny

Answer 7

Intentional taking away of an employer’s cash without the consent and against the will of the employer. It is happening AFTER the transaction is recorded. Can happen at the point of sale or from the deposits.

Question 8

Death by a thousand cuts

Answer 8

You don’t steal enough to make it noticeable. Don’t exceed the threshold that the organization has set on shortages.

Question 9

Deposits in transit

Answer 9

Saying the deposit hasn’t hit the bank yet. Only works on a short-term.