// Fraud schemes
Inventory and other assets
S16
Inventory larceny and false write-offs
Inventory or supplies are stolen outright, and the shortage is concealed by recording adjustments, write-offs, scrap, or damage, or by altering count results.
S17Purchasing and receiving schemes
An employee orders more than is needed and keeps the excess, records goods as received short or damaged and keeps the difference, or accepts goods without a purchase order so…
S18False sales and shipping
An employee creates false sales or shipping documents so that inventory is shipped to themselves or an accomplice. The resulting receivable is later written off, credited, or left to age.
S19Fixed asset misappropriation and misuse
Equipment, vehicles, or other fixed assets are taken, used for personal purposes, or disposed of to employees or associates for little or no proceeds.