a. What is lapping? b. What internal control principles will prevent or detect this irregularity? c. What
Question:
a. What is lapping?
b. What internal control principles will prevent or detect this irregularity?
c. What test of transactions may detect lapping?
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a Lapping is a fraudulent practice in accounting where an employee steals cash received from one customer and covers it up by applying payments receiv...View the full answer
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Related Book For 
Modern Auditing
ISBN: 9780471542834
5th Edition
Authors: Walter Gerry Kell, William C. Boynton, Richard E. Ziegler
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