Skimming Receivables It is generally more difficult to conceal the skimming of receivables than the skimming of sales because receivables payments are expected. The victim organisation knows the customer owes money and it is waiting for the payment to arrive.
Poor Collection Procedures Poor collection and recording procedures can make it easy for an employee to skim sales or receivables. EXAMPLE A government authority that dealt with public housing was victimised because it failed to itemise daily receipts. This agency
Asset misappropriations are by far the most common of all occupational frauds. There are three major categories of asset misappropriation schemes. Cash receipts schemes are discussed in this section, fraudulent disbursements of cash are addressed in the next section, and