Skimming is a type of employee fraud where
A)An employee sets up an account as a vendor and collects payments for false invoices.
B)Steeling a portion of inventory after it is received in teh warehouse, but before it is stored in its inventory location.
C)Purchasing personal items on a company credit card or submitting a personal purchase as an employee expense reimbursement.
D)an employee steels cash before it is entered into the accounting records.

Question

Skimming is a type of employee fraud where
A)An employee sets up an account as a vendor and collects payments for false invoices.
B)Steeling a portion of inventory after it is received in teh warehouse, but before it is stored in its inventory location.
C)Purchasing personal items on a company credit card or submitting a  personal purchase as an employee expense reimbursement.     
D)an employee steels cash before it is entered into the accounting records.

Quizplus · Accepted Answer

Skimming involves stealing cash before it is entered into the accounting records, such as taking money from the register or not reporting cash sales. Option A describes billing fraud, option B describes theft of inventory, and option C describes expense reimbursement fraud.

Skimming Is a Type of Employee Fraud Where