Documente Academic
Documente Profesional
Documente Cultură
• Fraudulent Financial
Reporting
Ex: Recording Fictitious Sales
Recording valid transaction twice
Recording in the current period
sales
that occurred in the succeeding
period
Recording operating lease as sales
Recording deposits as sales
Recording consignments as sales
M I S A P P R O P R I AT I O N O F
A SS E T S : W I T H H O L D I N G
CASH RECEIPTS
Skimming – act of withholding cash receipts
without recording them
Lapping – used to conceal the fact that cash
has been abstracted; shortage of one
customer’s account is covered with a
subsequent payment made by another
customer
Kitting –another technique used to cover
cash shortage or two inflate cash balance
A C Q U I S I T I O N S A N D PA Y M E N T S
CYCLE
ERRORS
1. Fictitious Employees