Which fraud is committed by an employee who doesn't record customer sales and pockets the payment?
a. Larceny
b. Disbursement
c. Skimming
d. Illegal gratuities
c
FEEDBACK: a. Incorrect. Larceny involves stealing money after it has already been recorded in the company's accounting system.
b. Incorrect. Disbursement fraud uses false vendors, employees, and expenses to funnel money out of the company.
c. Correct.
d. Incorrect. Illegal gratuities involves schemes in which a person offers, gives, receives, or solicits something of value for, or because of, an official act or business decision without the knowledge or consent of the principal.
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