What is a likely outcome if employees are aware that surprise cash counts are conducted?

Prepare for the ACFE Certified Fraud Examiner (CFE) Financial Transactions and Fraud Schemes Test with our comprehensive quiz. Engage with flashcards, multiple choice questions, hints, and explanations. Ace your exam!

When employees know that surprise cash counts are being conducted, it creates a sense of accountability and oversight within the workplace. Understanding that there will be periodic checks discourages employees from engaging in dishonest behaviors such as cash larceny since the risk of getting caught increases significantly. This awareness functions as a preventative measure, fostering an environment where employees are less likely to attempt theft because of the looming possibility of detection during these surprise counts.

While it is possible that increased monitoring could lead to frustration or resentment among some employees, the primary intention and outcome of surprise cash counts are to deter fraudulent activities. Thus, the likelihood that employees would be less inclined to commit cash larceny reflects the effectiveness of such audits in promoting integrity and reducing opportunities for theft within the organization.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy