If an employee skims sales from a customer, which of the following will likely occur?a. The stolen payment if not material, will not be noticed by the organization.b. The receivable will become past dueC. The customer will not be able to show proof that payment has been made.O d. The organization is likely to notice the theft of the payment immediately.

Skimming sales is the unethical practice of theft of money from a debtor before the sales have been…

If an employee skims sales from a customer, which of the following will likely occur? a. The stolen payment if not material, will not be noticed by the organization. O b. The receivable will become past due O c. The customer will not be able to show proof that payment has been made. O d. The organization is likely to notice the theft of the payment immediately.

If an employee skims sales from a customer, which of the following will likely occur? a. The stolen payment if not material, will not be noticed by the organization. O b. The receivable will become past due O c. The customer will not be able to show proof that payment has been made. O d. The organization is likely to notice the theft of the payment immediately.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments

Section: Chapter Questions

Problem 11CYBK

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