Webclass 82: Sales Skimming Fraud Case

Q1. Is stealing from the warehouse skimming fraud?

No

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Yes

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Q2. Is taking money out of the till after sales have been registered a skimming fraud?

No

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Yes

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Q3. What different types of skimming fraud are mentioned by the ACFE fraud tree?

Sales, Receivables, Refunds&other

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Point of sales, Supplier payments, Stock misappropriation

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Q4. What makes skimming fraud difficult to prove directly?

Because it is "off the books"

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Because it does not occur very often

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Q5. What percentage of fraud relates to skimming for small businesses?

11.9%

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43%

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Q6. Is most skimming fraud have more to do with receivables or sales?

Sales

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Receivables

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Q7. How could an accounts payable employee commit skimming fraud with supplier rebates?

Give the supplier the wrong bank account information and receive the rebate money from the supplier

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Write-off the supplier debt and do a debit cost, credit bank transaction to recover the funds

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Q8. How could an internal auditor uncover supplier rebate skimming that is not concealed?

Look for ageing supplier debtor transactions

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Look at the supplier balance report to see if there are any suppliers that are debtors

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Q9. How could an internal auditor uncover supplier rebate skimming that is concealed?

Look for journal entries where the supplier debtor transaction is cleared to another journal entry that credits supplier and debits cost/ suspense account/ other account.

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Look for journal entries that credit suppliers and debit cost

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Q10. Which answer is an example of skimming in insurance?

The CFO creates forged contracts for customer policies and provides incorrect bank details for customers to make payments

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The CFO creates fake claims in the system and updates customer bank account details to pocket the reimbursements

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Q11. How could promotions be part of a skimming fraud scheme?

The sales agent enters promotions/ discounts into the system so that your organisation does not expect the full payment value to be received, and then the sales agent intercepts the value of the promotion/ discount

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The sales agent gives very high value promotions to customers and then receives a kickback from the customer

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Q12. If someone in your organization is skimming sales receivables, how might they cover up the fraud?

By entering credit-debit journal entries, or lapping (credit customer A, debit customer B)

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By entering journal entries that credit customer and debit bank

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Webclass 82: Sales Skimming Fraud Case

Webclass 82: Sales Skimming Fraud Case

admin June 9, 2026

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