Certified Fraud Examiner Practice

Cash larceny refers to the act of stealing cash that has already been recorded in the company's books, as opposed to cash theft that occurs before it is recorded. The method described involves the physical act of taking cash from registers, which is a direct form of larceny. This action can happen in various settings, such as retail stores, where an employee might take money from the cash register when it is open or after a sale is completed, without the transaction being recorded properly or reported.

The other choices represent different types of fraud or misconduct but do not specifically involve cash larceny. Creating false invoices is related to billing fraud where money is obtained by submitting inaccurate billings. Redirecting customer payments online pertains to embezzlement or account fraud, affecting the funds before they are recorded. Using company cards for personal expenses is a misuse of company resources rather than a cash-related theft. Therefore, the focus on the physical act of taking cash aligns directly with the definition and process of cash larceny.