CFE Exam

What is the primary difference between cash larceny and skimming?

Cash larceny involves stealing from the cash register, while skimming involves stealing inventory. Skimming involves stealing cash that has already been recorded on the company's books, while cash larceny is the theft of off-book funds. Cash larceny is the theft of cash that has already been recorded on the company's books, while skimming is the theft of off-book funds. Cash larceny is a fraudulent disbursement scheme, while skimming is a corruption scheme.

Correct Answer:

Cash larceny is the theft of cash that has already been recorded on the company's books, while skimming is the theft of off-book funds.

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