When an entity does not adequately segregate duties, the possibility of cash being stolen before it is recorded is increased. If the auditor suspects that this type of theft is possible, what type of audit procedures can they use to test this possibility? Explain. In your discussion, be sure to touch on the following:$$

Describe how lapping could be involved, as well as the segregation of duties, or even bank confirmations.

Recount two recent cases of cash management violations within the business industry to support your discussion?