Question

Leslie White, CFE, was called in to investigate suspicious activity at Anderson's Department Store. During her investigation, she ran a test to search for customer sales and refunds that occurred on the same day. She also summarized refunds by employee and extracted the names of all employees who can post both refunds and inventory adjustments. What type of scheme is Leslie most likely looking for?

1) Skimming
2) Unconcealed larceny
3) Fraudulent reimbursements
4) Fictitious refunds

Answer 1

Leslie White is most likely looking for a scheme called Fictitious refunds, where employees create fake refunds to steal money from the company.

Step-by-step explanation:

Leslie White, CFE, is most likely looking for a scheme known as Fictitious refunds. This scheme involves employees creating fake refunds to steal money from the company. By running a test to search for customer sales and refunds that occurred on the same day, Leslie is likely trying to identify any suspicious refund transactions. Additionally, summarizing refunds by employee and extracting the names of employees who can post both refunds and inventory adjustments can help Leslie pinpoint any individuals who may be involved in this scheme.