Thank you for visiting Check tampering is a type of A Larceny B Fraudulent disbursement scheme C Skimming D Fraudulent statement scheme. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Check tampering is a type of fraudulent disbursement scheme. the correct option is b.
In a fraudulent disbursement scheme, an individual misappropriates funds for their own personal gain. In the case of check an individual alters or forges a check to divert funds for their own personal gain.
The process of check tampering can take many forms, but generally involves altering the payee or the amount of the check, or forging a signature to cash the check. For example, an employee might change the payee on a company check to their own name, or they might increase the amount of a check and then cash it themselves.
Check tampering is often committed by employees who have access to company checks or who are responsible for processing payments. They may use their position to alter checks and divert funds for their own personal use. The fraud can be difficult to detect, especially if the individual is careful to cover their tracks.
One way to prevent check tampering is to implement strong internal controls, such as requiring multiple signatures on checks, monitoring bank accounts for unusual activity, and regularly auditing financial records. It is also important to educate employees on the dangers of check tampering and to encourage them to report any suspicious behavior.
to learn more about tampering visit -https://brainly.com/question/14388908
#SPJ11
Thank you for reading the article Check tampering is a type of A Larceny B Fraudulent disbursement scheme C Skimming D Fraudulent statement scheme. We hope the information provided is useful and helps you understand this topic better. Feel free to explore more helpful content on our website!
- You are operating a recreational vessel less than 39 4 feet long on federally controlled waters Which of the following is a legal sound device
- Which step should a food worker complete to prevent cross contact when preparing and serving an allergen free meal A Clean and sanitize all surfaces
- For one month Siera calculated her hometown s average high temperature in degrees Fahrenheit She wants to convert that temperature from degrees Fahrenheit to degrees
Rewritten by : Jeany
Final answer:
Check tampering is typically a type of fraudulent disbursement scheme, which involves wrongfully manipulating checks to benefit personally or conduct unauthorized transactions. It's distinct from larceny which is simple theft, skimming and fraudulent statement schemes which are other types of fraud.
Explanation:
Check tampering is typically categorized as a type of fraudulent disbursement scheme. This type of scheme involves an employee wrongfully manipulating cheque processing to provide for either personal use or unauthorized transactions. It's a special kind of fraudulent operation where money is not just taken, but is misrepresented in financial statements. It's different from larceny, which is simple theft without any attempt of falsifying records. Skimming and fraudulent statement schemes are also types of fraud, but they don't specifically refer to tampering with checks.
Learn more about Check Tampering here:
https://brainly.com/question/29795467
#SPJ12
