CFE – Financial Transactions and Fraud Schemes — Question 91

Reconciling the sales records to the cash receipts is an effective way to detect a sales skimming scheme.

Answer options

• A. True
• B. False

Correct answer: A

Explanation

The correct answer is True because reconciling sales records with cash receipts allows for the identification of discrepancies that may indicate skimming. If the sales do not match the cash received, it suggests potential fraudulent activity, while the False option incorrectly implies that this method would not be effective.