Which of the following statements regarding larceny is NOT true?
a. Larceny is easier to detect than skimming and is less common.
b. Larceny occurs when employees steal cash before the amounts have been recorded in the accounting system.
c. Smaller occurrences of larceny are often written off as "shorts" or "miscounts."
d. Perpetrators of larcenies must have direct access to inventory or other assets.
b
FEEDBACK: a. Incorrect. This statement is true.
b. Correct. Larceny occurs after transactions have been recorded in the accounting system.
c. Incorrect. This statement is true.
d. Incorrect. This statement is true.
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