Asset Misappropriation
Asset misappropriation is the theft or misuse of a company’s assets by an employee and is the most common type of fraud committed by employees. While cash is the most common asset lost to fraud, inventory, office equipment, supplies, vehicles, and other noncash assets are also targets for theft or misuse.
Asset misappropriation schemes include embezzlement, theft of cash receipts, fraudulent disbursements, and inventory fraud and theft. Whatever type of asset misappropriation is harming your company, C.R. Cochran & Associates can help.
Embezzlement: This is a specific type of fraud where company property is misappropriated by an employee to whom it has been entrusted. Embezzlement is the most common type of asset misappropriation.
Theft of Cash Receipts: Employees steal cash receipts by either skimming or by larceny. Skimming is the theft of cash before it is entered into the company’s accounting system. Larceny is the theft of money after it has appeared on the company’s books.
Fraudulent Disbursements: In these schemes, cash is stolen through what appears to be a valid disbursement of company funds. This theft is accomplished through payroll schemes, billing schemes, expense reimbursement schemes, check and payment tampering, or register disbursements.
Inventory Fraud and Theft: Employees will target inventory and other non-cash assets for theft or misuse. Non-cash assets include vehicles, computers, supplies, and office equipment.
Call (619) 691-6379 today to talk with Chuck Cochran, the owner of C.R. Cochran & Associates, about your specific investigative needs and how we can help you.