Fraud Prevention Alert—Cash Receipt Frauds



According to the Association of Certified Fraud Examiners, Inc., cash receipt frauds related to skimming and embezzlement schemes account for 23 percent of all occupational fraud in the United States and Canada and average about 15 months in duration before detection. Over the last 11 years, we have identified public money losses in Arizona governments totaling $3.2 million due to cash receipt-related fraud schemes. This alert outlines how some of those cash receipt frauds occurred and what actions management can take to deter and detect them.