An embezzler draws a check on Bank A as of the fiscal period closing date and deposits

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An embezzler draws a check on Bank A as of the fiscal period closing date and deposits it in Bank B the same day. This form of embezzlement is termed:

a. Double-checking.

b. Lapping.

c. Kiting.

d. Floating.

e. Larceny

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The Practice Of Modern Internal Auditing

ISBN: 9780894130922

2nd Edition

Authors: Lawrence B Sawyer

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Question Posted: May 13, 2024 06:01 AM

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An embezzler draws a check on Bank A as of the fiscal period closing date and deposits

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The correct term for the described form of embezzlement is c Kiting Kiting involves ...View the full answer

The Practice Of Modern Internal Auditing

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