Victor Jackson, CFE, was hired by BRS Carpet and Tile to investigate possible cash larceny at the point of sale. Which of the following red flags should he look for?

Question

Quizplus · Accepted Answer

All of the above red flags should be checked when investigating possible cash larceny at the point of sale. Large differences between sales records and cash on hand could indicate theft of cash, while unusual journal entries to cash accounts could suggest manipulation of records. A large number of small differences between sales records and cash on hand could also be a sign of cash larceny through skimming.

Victor Jackson, CFE, Was Hired by BRS Carpet and Tile