3.31 Inventory and Other Assets (Non-Cash) as a sub-category of ASSET MISAPPROPRIATION SCHEMES скачать в хорошем качестве

3.31 Inventory and Other Assets (Non-Cash) as a sub-category of ASSET MISAPPROPRIATION SCHEMES

Based on the provided sources, the video will cover: Definition and Scope: How non-cash assets, including inventory, equipment, and supplies, are misappropriated for personal gain . Misuse vs. Larceny: Misuse: The unauthorized "borrowing" of assets like company vehicles, computers, or heavy machinery for personal tasks . Larceny: The actual theft of assets, which can range from simple physical removal to complex schemes . Specific Fraud Schemes: Asset Requisitions & Transfers: Using internal paperwork to move and then steal goods . Purchasing & Receiving Schemes: Falsifying records of incoming goods to steal "shorted" items . False Shipments: Creating bogus packing slips and sales to have goods delivered to the fraudster or an accomplice . Concealment of Shrinkage: Techniques used to hide missing inventory, such as altering perpetual records, creating fictitious sales, or making unauthorized write-offs to "scrap" . Detection and Prevention: The importance of physical inventory counts, segregation of duties (separating ordering, receiving, and accounting), and independent checks on warehouse activity .