Cash Larceny, Part Five: Alteration of accounting documents

Unscrupulous cashiers often prepare false accounting records or alter these documents in cash receipting operations to conceal a misappropriation of funds from their employers. Once these cases have been detected, fraud examiners must first understand the attributes and mechanics of the fraud, learn from the experience, and then be prepared to detect similar frauds in the future. The next three columns present fraud cases that illustrate some of the common alterations of accounting records I've encountered in my practice. Each case has one or more learning objectives. 

School district student fund-raising activities
In my state, the proceeds from student fund-raising events are public funds. A student body council manages the money, but an accounting clerk employed by the district performs all accounting services. In almost all cases, the accounting clerk works alone with little or no assistance from student volunteers. In addition, managers usually provide limited or no oversight of the receipting and disbursing transactions associated with student clubs that operate a plethora of fund-raising activities each year. Monitoring is absent.