Which of the following statements regarding larceny is NOT true?
A) Larceny is easier to detect than skimming and is less common.
B) Larceny occurs when employees steal cash before the amounts have been recorded in the accounting system.
C) Smaller occurrences of larceny are often written off as "shorts" or "miscounts."
D) Perpetrators of larcenies must have direct access to inventory or other assets.

Question

Quizplus · Accepted Answer

Larceny occurs when employees steal cash after the amounts have been recorded in the accounting system, not before.

Which of the Following Statements Regarding Larceny Is NOT True