Answered: ______________ is a form of cash…

______________ is a form of cash misappropriation where employees steal incoming funds prior to being recorded in the accounting records.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments

Section: Chapter Questions

Problem 11CYBK

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

______________ is a form of cash misappropriation where employees steal incoming funds prior to being recorded in the accounting records.

Question 2 options:

Skimming

Scamming

Scaling

d)	Skepticism

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