(Answered) Question this weeks fraud topics are cash larceny and

Accounting

Question: This week's fraud topics are cash larceny and billing schemes. What types of businesses and industries are particularly prone to these fraud issues? Have you ever worked in a business that carried lots of cash on hand and, if so, tell us what types of controls (or lack thereof) were in place to prevent cash larceny from happening?

Class,

First. what types of businesses handle lots of cash that could be skimmed or later stolen? Try to offer suggestions on how to prevent or detect this type of fraud. If you have experienced fraud in the workplace, feel free to discuss the schemes and share your experience.

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