Question: What is lapping and how is it used to conceal
What is “lapping” and how is it used to conceal receivables skimming?
Answer to relevant QuestionsList four types of false entries a fraudster can make in the victim organization’s books to conceal receivables skimming. In the case study of Stefan Winkler, who was the chief financial officer for a beverage company in Florida, how did he conceal his skimming scheme? How could the scheme have been prevented or discovered? What is force balancing and how is it used to conceal cash larceny? What steps might an organization take to protect outgoing bank deposits from cash larceny schemes? Why do most shell company schemes involve the purchase of services rather than goods?
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