Question

Definition of Frauds of Cash?

Answer 1

In the occupational fraud setting, a cash larceny may be defined as the intentional taking away of an employer's cash (the term cash includes both currency and checks) without the consent and against the will of the employer. Skimming was defined above as the theft of off-book funds.

Answer 2

Answer:

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Skimming fraud is the theft of cash from a business prior to its entry into the accounting system for that company. Although skimming is one of the smallest frauds that can occur, they are also the most difficult to detect.