Which of the following is true regarding the detection of a cash larceny scheme?

The detection of a cash larceny scheme is enhanced by various methods, and reconciling cash register totals is particularly effective. This process involves comparing the recorded sales in the cash register with the actual cash on hand. Any discrepancies between these amounts can indicate potential theft, mismanagement, or other irregularities. By regularly reconciling these totals, organizations can identify and address possible cash larceny schemes more quickly. This method acts as a safeguard, allowing for earlier detection of issues before they escalate into larger financial losses.

Other management practices mentioned, such as the frequency of sharing cash handling responsibilities or limiting who makes bank deposits, may not directly contribute to the effective detection of cash larceny. Similarly, conducting surprise counts only once a year would not provide an adequate level of oversight to deter or detect ongoing theft. Regular and unscheduled surprise counts are essential to deter employees from committing theft, as they create uncertainty about when cash counts will happen.