X hits on this document

Powerpoint document

CHAPTER 18 AUDITING INVESTMENTS AND CASH BALANCES Spring 2007 - page 26 / 26

95 views

0 shares

0 downloads

0 comments

26 / 26

Lapping to misappropriate cash receipts

Tests to detect lapping are only performed when control risk for cash receipts transactions is moderate or high.  There are 3 procedures that should detect lapping:

1. confirm accounts receivable,

2. make a surprise cash count, and

3. compare details of cash receipts journal entries with the details of corresponding daily deposit slips

Cash Balances: Fraud consideration

Document info
Document views95
Page views95
Page last viewedSat Jan 21 17:52:03 UTC 2017
Pages26
Paragraphs295
Words1305

Comments